# Oil Market Report - January 2026 - IEA

> The IEA's January 2026 Oil Market Report forecasts global oil demand growth of 930 kb/d in 2026, up from 850 kb/d in 2025. It projects world supply rising 2.5 mb/d to 108.7 mb/d this year after December output fell 350 kb/d month on month.

- Date: 2026-01-21 · published 2026-01-21T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/21236-oil-market-report-january-2026-iea
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Projected supply growth outpacing demand points to a looser crude market that caps energy-driven cost increases for feed buyers. The forecast is a scheduled data release that adds to the outlook for energy and biofuel input prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-02-01 | [Oil Market Report - January 2024](https://feedsoft.ai/events/32279-oil-market-report-january-2024.md) | -2.6% | +1.9% |
| BRENT | 2025-06-17 | [Oil Market Report - June 2025 - IEA](https://feedsoft.ai/events/9612-oil-market-report-june-2025-iea.md) | -1.7% | -5.5% |
| BRENT | 2020-04-15 | [Oil Market Report - April 2020 - IEA](https://feedsoft.ai/events/4479-oil-market-report-april-2020-iea.md) | -47.7% | +11.5% |
| BRENT | 2018-07-11 | [Oil Market Report - July 2018 - IEA](https://feedsoft.ai/events/7770-oil-market-report-july-2018-iea.md) | -8.7% | -6.2% |
| BRENT | 2025-10-14 | [Oil Market Report - October 2025 - IEA](https://feedsoft.ai/events/22591-oil-market-report-october-2025-iea.md) | -4.5% | -0.3% |
| WTI | 2024-02-01 | [Oil Market Report - January 2024](https://feedsoft.ai/events/32279-oil-market-report-january-2024.md) | -2.6% | +3.6% |
| WTI | 2025-06-17 | [Oil Market Report - June 2025 - IEA](https://feedsoft.ai/events/9612-oil-market-report-june-2025-iea.md) | -9.9% | -6.8% |
| WTI | 2020-04-15 | [Oil Market Report - April 2020 - IEA](https://feedsoft.ai/events/4479-oil-market-report-april-2020-iea.md) | -32.0% | +25.9% |

## Sources

- iea.org: https://www.iea.org/reports/oil-market-report-january-2026

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.