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Brent falls toward $88 per barrel after a six-day advance as investors weigh deadlocked US-Iran negotiations over reopening the Strait of Hormuz and IEA/EIA signals for supply and inventories.
Crude oil falls below $83 per barrel on Thursday, snapping a five-day advance as investors weigh deadlocked Strait of Hormuz talks and updated Iran pressure measures, while IEA flags a 1.8 million bpd quarterly deficit.
IEA sees world oil demand falling by 1.6 million BPD in 2026
IEA sees world oil demand falling by 1.6 million BPD in 2026
Rising gas prices has helped electric vehicle sales in the United States and globally. New data shows just how much demand there is for electric vehicles, especially outside the U.S. Global EV Sales Soar Global electric vehicle sales were up 35% in the second quarter, compared to the first quarter, according to newly r
() -- The International Energy Agency on Friday projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve. The agency now expects oil consumption to fall by 1 million barrels per day this year, compared with a 1.1 million-barrel drop forecast in June. That wo
() -- The global oil market is expected to return to a surplus toward the end of 2026 if tanker traffic through the Strait of Hormuz continues to recover, allowing producers to restore output and refiners to resume product shipments, the International Energy Agency said in its monthly oil market report. "As an armada o
() -- The International Energy Agency on Friday said seasonal trends and a rebound in fuel supplies are lifting consumption from May lows, with global oil demand forecast to fall by 1 million barrels a day this year before rising by 2 mmbbl/d in 2027. By October, global oil demand is expected to rise by over 8 mmbbl/d
IEA Monthly Oil Report
IEA Monthly Oil Report
IEA Monthly Oil Report
IEA Monthly Oil Report
IEA Monthly Oil Report
The International Energy Agency releases its monthly oil report.
President Donald Trump said he could resume attack on Iran if it failed to honor commitments. International Energy Agency expects a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year. Oil prices declined Thursday after President Donald Trump signed a dea
Trump also reportedly said that he could resume attack on Iran if it failed to honor commitments. International Energy Agency expects a lasting resolution to the conflict could drive a surge in supply volumes and trigger a major oil overhang next year. Oil prices declined Thursday after President Donald Trump reportedl