OPEC 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's oil exports and production reached historic lows in March. The ongoing Iran war has severely impacted global energy markets....

International Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply ...

Global oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International ...

Global oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...

US-Iran war impact: Gulf crude oil output may rebound quickly once the Strait of Hormuz reopens. Goldman Sachs research suggests a swift re...

The International Energy Agency forecasts a global oil supply and demand fall due to the Iran war, citing the largest supply disruption in ...

The International Energy Agency forecasts a significant oil oversupply, but nearly 1.5 million barrels per day of 'unaccounted' oil in Augu...

The International Energy Agency reduced its global oil demand growth forecast for 2024 due to weak demand in China. The IEA highlighted tha...

Although voluntary supply cuts from Saudi Arabia and Russia until the end of the year will keep supply tight, with demand growth still set ...

The International Energy Agency has said that supply cuts by OPEC+ could lead to the reduction of oil inventories making oil prices rise fu...

Rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the...

India’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...

Since early October, the oil price has fallen by a quarter to below $70 a barrel, its lowest in eight months.

On the upside, $55 may be a strong cap; on the downside, it may stay at $50.

"The global supply surplus of oil will shrink dramatically later this year," said the agency, which advises 29 of the most industrialised n...

The slump in global oil demand in 2009 will be less severe than previously forecast and consumption will increase next year as the world ec...