TREE NEWS reports: The International Energy Agency expects global refinery processing volumes to decline by 2.2 million barrels per day in 2026. The agency projects refinery runs will then increase by 2.5 million barrels per day in 2027.
IEA: Refinery Runs to Fall 2.2M b/d in 2026, Rise 2.5M b/d in 2027
AI take
The IEA's projected swing from a sizable 2026 drawdown in refining activity to a rebound the following year points to a timing mismatch rather than a structural collapse in product demand. For refined-product and downstream-focused markets, the near-term signal is softer throughput, with the recovery pushed into 2027. The open question is whether this dip-and-rebound profile holds as more data arrives, since a single agency forecast carries limited weight on its own.
Generated by AI for reference only.
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