Trying to find a source about this and they all use passive voice so none of them clarify who is doing the buying, but to the broader point, it is affecting oil demand
Global fossil-fuel emissions are set to fall by around 0.5% in 2026 amid the fallout from the Hormuz crisis, according to Carbon Brief analysis.
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the rise in emissions associated with this increased coal use, much of which is unrelated to Hormuz, is set to be more than offset by declines for oil and gas.
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While there are many short-term factors at play in the shifting forecasts for 2026, it is clear that the latest energy crisis will also affect fossil-fuel demand in the next year and beyond.
For example, whereas the IEA initially forecast that oil demand would rebound in 2027 to well above 2025 levels, it is now expecting use of the fuel to be effectively flat for two years.
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At the same time, governments in countries that had planned to rely on imports of liquefied natural gas (LNG) have been signalling shifts towards favouring domestic clean energy instead – or continuing to use coal for longer.
Trying to find a source about this and they all use passive voice so none of them clarify who is doing the buying, but to the broader point, it is affecting oil demand
https://www.carbonbrief.org/analysis-global-fossil-fuel-emissions-set-to-fall-in-2026-amid-hormuz-crisis