IEA warns EU gas storage may hit record lows by March 2027 amid Middle East disruptions, causing price volatility and a projected 3% drop in global LNG supply this year.
Oil prices dropped below $79/barrel after the US and Iran signed a peace deal reopening the Strait of Hormuz. The agreement lifts sanctions and ends hostilities, with the IEA forecasting a global supp
Oil prices dipped as reports emerged of a historic IEA strategic reserve release to offset Middle East tensions. Volatility continues due to Strait of Hormuz blockades forcing major OPEC production cu
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