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IEA OIL 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...
- 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 ...
- Where are the oil barrels? IEA gap deepens confusion over looming glut: BoussoThe International Energy Agency forecasts a significant oil oversupply, but nearly 1.5 million barrels per day of 'unaccounted' oil in Augu...
- 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 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: 3 mbpd of Russian oil may not reach market from AprilRising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the...
- India’s oil demand to rise 50% by 2030 against global expansion of 7%: ReportIndia’s oil consumption is forecast to rise from 4.8 million barrels per day (mbd) in 2019 to 7.2 mbd in 2030 and 9.2 mbd in 2050, as per t...
- Global oil market to lapse into surplus in 2019 as demand slowsSince early October, the oil price has fallen by a quarter to below $70 a barrel, its lowest in eight months.
- Expert take: Crude to remain rangeboundOn the upside, $55 may be a strong cap; on the downside, it may stay at $50.
- IEA sees surge in oil demand from India, emerging nations"The global supply surplus of oil will shrink dramatically later this year," said the agency, which advises 29 of the most industrialised n...
- Global oil demand seen rising amid recoveryThe slump in global oil demand in 2009 will be less severe than previously forecast and consumption will increase next year as the world ec...
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