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IEA OIL DISRUPTION
Hormuz oil shock echoes 1973 embargo lessonsThe recent Strait of Hormuz closure, though brief, signals a potential turning point for global energy. Echoing the 1973 oil embargo, this ...
UAE oil exports rebound to 85% of pre-war levels as Gulf supply routes adapt: IEAUnited Arab Emirates oil exports have rebounded significantly, reaching nearly 85% of pre-conflict levels by early June. Leveraging alterna...
Iran war triggers global race to build oil reservesVulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push f...
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...
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 ...
Fueling Demand: Inside India’s ethanol mobility revolution in reverseIndia is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehic...
An LNG glut is on its wayThe closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimat...
World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEAThe world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The Inter...
Oil Price Today (May 22): Crude oil snaps 3-day fall amid mixed signals on Iran war peace talks. What are experts saying?Oil prices saw an increase on Friday. Investors are watching Iran peace talks closely. Conflicting reports are creating uncertainty. Concer...
Iran war rapidly wiping out the world’s oil stockpile cushionGlobal oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels dai...
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....
Hormuz shutdown deepens oil crisis; IEA warns of record inventory drop, demand plungeGlobal oil stocks are depleting rapidly. The Iran war is worsening supply disruptions. This situation will continue for months. The market ...
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...
'Iran is the clear aggressor': Hegseth warns of 'overwhelming firepower' as US launches Project Freedom in Strait of HormuzThe United States has issued a stern warning to Iran regarding its actions in the Strait of Hormuz. US Defence Secretary Pete Hegseth state...
How the Iran war oil and gas supply shock compares with past disruptionsA major oil supply disruption is underway due to the US-Israeli war with Iran and the closure of the Strait of Hormuz. This event is the wo...
Europe may run out of jet fuel in 6 weeks: Why IEA warns Europe could face flight chaos as Iran war sparks a global energy crisisEurope jet fuel shortage: Europe faces a potential six-week jet fuel shortage due to ongoing supply blockages from the Iran war, raising co...
Ukraine strikes on Russian oil ports put India’s refining lifeline at risk, IEA warnsUkraine’s drone strikes on key Russian oil ports — Primorsk, Ust-Luga and Novorossiysk — are threatening India’s crude supply chain, with t...
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 ...
India welcomes IEA decision to release emergency oil stocks amid prevailing crude crisisIndia welcomed the International Energy Agency's decision to release 400 million barrels of emergency oil stocks to counter supply disrupti...
IEA members agree 60 million barrel oil stocks release after Russian invasionHalf the volume will come from the United States.