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IEA FORECASTS
Oil slips again as US, Iran sign peace dealOil prices dropped as the U.S. and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Teh...- Ukrainian attacks push Russian oil output 10% below target in May, IEA saysRecent Ukrainian assaults on Russian oil installations are severely curtailing production levels. Last month saw a notable decline in crude...
- IEA sees gradual Hormuz recovery tipping into significant 2027 surplusThe global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil ...
- OPEC again lowers 2026 global oil demand growth forecastOPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less i...
- Saudi Arabia March crude exports drop to lowest on record, JODI saysSaudi Arabia's oil exports and production reached historic lows in March. The ongoing Iran war has severely impacted global energy markets....
- IEA chief warns commercial oil inventories are depleting rapidly, only weeks leftInternational Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply ...
- Global oil supply to plunge below demand this year on Iran war, IEA saysGlobal oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International ...
- Oil & gas sector outlook 2026: Higher brent prices seen boosting upstream firms, hurting OMC marginsGlobal oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...
- Gulf oil output can rebound in months after Hormuz reopens, but full recovery faces risks, says Goldman SachsUS-Iran war impact: Gulf crude oil output may rebound quickly once the Strait of Hormuz reopens. Goldman Sachs research suggests a swift re...
- US wholesale prices surged 4% last month after the war in Iran sent energy prices soaringU.S. wholesale prices surged last month as the Iran war drove up the cost of energy.
- Iran war upends IEA's oil market outlook as global supply and demand to contract in 2026The International Energy Agency forecasts a global oil supply and demand fall due to the Iran war, citing the largest supply disruption in ...
- Oil market's watchmen at loggerheads on 2026 outlookGlobal oil market forecasts diverge sharply, with the IEA and EIA predicting substantial surpluses exceeding 4 million and 2.8 million barr...
- IEA cuts 2024 oil demand growth view, sees surplus loomingThe International Energy Agency reduced its global oil demand growth forecast for 2024 due to weak demand in China. The IEA highlighted tha...
- IEA raises oil demand growth forecasts, despite economic gloom aheadAlthough voluntary supply cuts from Saudi Arabia and Russia until the end of the year will keep supply tight, with demand growth still set ...
- IEA cuts forecast for growth in oil demand in 2024In its monthly report, the IEA forecast demand for oil will rise by 880,000 barrels per day (bpd) in 2024, down from its previous forecast ...
- IEA cuts forecast for growth in oil demand in 2024; no impact of Israel war yetThe International Energy Agency (IEA) has lowered its growth forecast for oil demand in 2024 due to global economic conditions and increase...
- IEA cuts forecast for growth in oil demand in 2024However, the Paris-based agency that advises the United States and other industrialised countries, raised its 2023 demand forecast to 2.3 m...
- IEA flags risk of higher oil prices, cuts 2024 demand viewThe International Energy Agency has said that supply cuts by OPEC+ could lead to the reduction of oil inventories making oil prices rise fu...
- IEA expects record renewable growth despite cost, supply problemsThe IEA forecasts that 320 gigawatts will come online this year, equivalent to top European economy Germany's total annual demand, up from ...
- World on course for unchecked temperature rise, IEA warnsGlobal warming is set to continue unabated with temperatures rising by 20% by 2035, putting the world on track for a temperature increase o...
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