Live Update 
From the Liveblog of
Tuesday, April 14, 2026
From the Liveblog of
Tuesday, April 14, 2026
Crude oil demand to see biggest quarterly plunge since COVID — Energy Agency
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A currency trader works near a screen showing international oil prices at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, April 9, 2026. (AP Photo/Ahn Young-joon)
Demand for crude oil will likely see the biggest slump in the second quarter since the COVID pandemic slammed the global economy in 2020, the International Energy Agency warns.
Surging prices caused by the war in the Middle East will force many countries and industries to curb oil use, and “demand destruction will spread as scarcity and higher prices persist,” the agency says in its monthly report.
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