Indicates the type of a location. Location Type Defined by CCTVPLUS Indicates the role that a specific instance of a description takes among all descriptions. Description Role Defined by CCTVPLUS The role in the overall content stream. Part Role Indicates a kind of content rendition. Content Rendition Defined by CCTVPLUS CCTV Newscontent Co.,Ltd. CCTV Newscontent Co.,Ltd. All Rights Reserved. No access Chinese mainland CCTV Newscontent www.cctvplus.com +86-10-83949886 +86-10-63978447 contact@cctvplus.com 2026-04-14T22:10:45Z 2026-04-14T22:10:45Z 2026-04-14 2014-11-06T09:22:45Z China Central Television Various Other April 14, 2026/File Various-IEA/Oil Demand Drop IEA warns of sharpest oil demand drop in Q2 since pandemic amid Iran war The International Energy Agency (IEA) said on Tuesday that global oil demand is set to suffer its steepest quarterly decline since the COVID-19 pandemic, as the war in Iran disrupts supply and reshapes the outlook for energy markets. Oil demand is expected to contract by 80,000 barrels per day this year, a figure that is 730,000 barrels per day lower than last month's forecast, according to the IEA’s latest monthly report. The agency projected a 1.5 million barrels per day decline in the second quarter of 2026, which would mark the sharpest drop since the pandemic slashed fuel consumption. The report said demand destruction first appeared in the Middle East and Asia-Pacific, and is likely to spread further as supply shortages persist and prices rise. According to the Paris-based organization, the war in Iran has triggered one of the most severe oil supply shocks in history, with global output down by about 10 million barrels last month. At the same time, higher energy prices have boosted Russia's oil export revenues, which doubled between February and March, it said. Nats/Part Mute Beijing, China - April 14, 2026 (CCTV Video News Agency - No access Chinese mainland) 1. Screenshot showing highlights in International Energy Agency (IEA)'s previous report FILE: Paris, France - Oct 13, 2021 (CCTV - No access Chinese mainland) 2. Building of International Energy Agency (IEA) FILE: Paris, France - July 3, 2017 (CCTV - No access Chinese mainland) 3. Various of logo of IEA FILE: Strait of Hormuz - 2011 (CCTV - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 4. Aerial shot of island in Strait of Hormuz 5. Boats sailing through strait FILE: Kharg Island, Iran - 2016-2018 (CGTN - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 6. Various of Kharg Island, oil facilities FILE: Alberta Province, Canada - January 2025 (CGTN - No access Chinese mainland) 7. Various of land drilling rig in operation, mountains FILE: Pleasanton, Texas, USA - 2016 (CCTV - No access Chinese mainland 8. Various of land drilling rigs in operation FILE: Huntington Beach, California, USA - Oct 20, 2021 (CCTV - No access Chinese mainland) 9. Various of offshore oil rig Los Angeles, California, USA - Recent (CGTN - No access Chinese mainland) 10. Various of gas station, price board, people refueling cars; traffic