The International Energy Agency (IEA) forecasts global oil demand growth to average 930,000 bbls/d in 2026, which is up from 850,000 bbls/d in 2025.The latest DOB Energy guidance report covers announcements made Jan. 12-23, 2026, including for Birchcliff, Cardinal, Obsidian, Parex and Valeura.This reflects a normalization of economic conditions following last year’s tariff-related disruptions and lower oil prices compared with a year earlier.The report provides 2026 forecasts for capital spending, drilling and production for companies headquartered in Canada and the U.S. The latest report focuses on updates announced Jan. 12-23, 2026, including for Birchcliff Energy Ltd., Cardinal Energy Ltd., Obsidian Energy Ltd., Parex Resources Inc. and Valeura Energy Inc.
