Mumbai, Feb. 12 -- International Energy Agency's latest monthly report released today signals a modest pickup in global oil demand growth in 2026, driven entirely by non-OECD economies. Global demand is forecast to rise by 850 kb/d next year, up from 770 kb/d in 2025, with China leading growth, while demand in advanced economies remains subdued. The report noted a change in the composition of demand, with petrochemical feedstock products expected to contribute more than half of the growth this year, compared with around one-third in 2025 when transport fuels dominated. On the supply side, global oil output fell sharply by 1.2 mb/d in January to 106.6 mb/d, as severe winter weather disrupted North American production, while outages and expor...