97 articles
IEA Chief Fatih Birol reaffirmed global electrification priorities despite AI investment concerns, noting 61% of energy investment now targets electricity. He launched a new Asian energy security part
The IEA projects global oil supply and demand cuts will exceed prior forecasts, citing Middle East conflicts delaying supply recovery until 2027. Record inventory drawdowns and soaring fuel prices ind
Half of Russia's top diesel refineries reduced or halted output due to drone strikes, forcing export restrictions and raising global prices. The IEA reports frequent attacks, disrupting supply chains
The IEA reports Saudi Arabia's crude supply dropped to a 30-year low of 6 million bpd in August following Houthi attacks on energy facilities. The agency revised its 2026 forecast downward by 885,000
The IEA forecasts a deepening global oil supply gap by 2026 due to delayed Middle East flows, causing soaring fuel prices as inventories shrink and refining capacity strains.
The IEA reduced Russia's crude oil production forecast by up to 235,000 barrels per day in 2027 following Ukrainian attacks on energy infrastructure. Output has fallen sharply since early 2026, nearin
The IEA cut its global oil demand forecast by 940,000 barrels per day due to Iran conflict supply constraints, projecting a record deficit of 1.7 million barrels daily this year. Brent crude surged pa
The IEA projects global oil demand recovery to 2027 due to Middle East conflicts inflating crude prices and reducing supply. Brent futures exceeded $105/barrel while diesel prices surged nearly 94% ab
The IEA forecasts global coal demand will hit a record 8.94 billion tons this year, driven by soaring natural gas prices and El Nino effects. This trend challenges climate goals as nations increase co
The IEA forecasts global coal demand will reach a record 8.94 billion tonnes in 2026, driven by Middle East conflicts disrupting LNG supplies. Global production remains above 9 billion tonnes, though
The IEA and Nigeria signed a joint work plan aiming to double energy investment within five years, covering natural gas, renewables, and data transparency to attract capital.
IEA Chief Fatih Birol stated no second strategic oil reserve release is planned, citing 80% remaining stocks. He also warned of European gas reserve challenges, currently at 62% versus an 80% winter t
The IEA forecasts global oil demand to decline in 2026 before recovering in 2027, while supply is set to rebound significantly to aid market rebalancing.
The IEA slashed its global oil supply forecast by 4% due to Middle East conflicts, widening the deficit to 1.27 million barrels per day. This marks the lowest supply outlook as regional tensions disru
The IEA reduced its 2026 global oil demand outlook by 510,000 barrels per day due to high prices and the Hormuz Strait blockade, citing a potential supply deficit in Q3 2026 as inventories dwindle.
Oil prices fell over $1 after OPEC and IEA cut 2026 demand forecasts, though Middle East conflict risks supported prices. U.S. crude inventories also rose unexpectedly amid deadlocked US-Iran negotiat
Oil prices fell following a five-day gain as traders await progress on the Strait of Hormuz amidst a projected 1.8 million barrel daily deficit. The IEA forecasts the 2026 shortfall will likely be the
The IEA reduced global oil supply forecasts by 4.3 million barrels per day due to Middle East hostilities hindering Strait transit. Total supply is now projected at 102.02 million bpd, marking the low
The IEA predicts a record oil supply deficit of 1.8 million barrels daily due to Iran war disruptions, causing inventories to tumble while high prices suppress demand globally.
The IEA forecasts reduced global oil demand and supply for 2026 amid Middle East tensions and Strait of Hormuz closures, driving up prices and depleting reserves.
The IEA warns that Middle East conflicts threaten the Strait of Hormuz, risking a global energy crisis. While crude supplies remain buffered, tightening refining and LNG markets pose significant risks
The IEA warns Middle East conflicts heighten energy market uncertainty despite supply buffers. Petroleum products and LNG markets face tighter conditions if Gulf exports remain delayed.
The IEA reported over 1 billion barrels of emergency oil stocks remain after a record 290-million-barrel release amid Middle East tensions. China's crude imports also dropped 41.3% in June to their lo
The IEA and OPEC have both lowered their 2026 global oil demand forecasts, signaling a potential demand decline for the first time since 2020. Geopolitical tensions and energy transitions continue to
The IEA warned that new EU methane regulations may restrict crude oil imports by over 50% from 2027, potentially raising refining costs and undermining energy security.
IEA Executive Director Fatih Birol warned that global energy security is at risk if the Strait of Hormuz remains blocked, noting that while US production and stockpiles have helped, the situation rema
The IEA warns that full implementation of China's rare earth and graphite export controls could jeopardize $6.5 trillion in Western downstream production. Public financing for alternative supply chain
IEA Executive Director Fatih Birol warns that ongoing conflict in the Strait of Hormuz threatens global shipments of oil, fertilizer, and natural gas. Vulnerable economies such as Bangladesh, Pakistan
The IEA warns EU methane regulations could narrow legally importable crude pools by over 50% by 2027, risking higher costs and energy security. Several member states are calling for delays as verifica
The IEA lowered Russia's oil production outlook through 2027 citing drone attacks on energy infrastructure, causing refinery damage and domestic fuel crises. Consequently, Russia has imposed temporary
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