Global Oil Demand Slumps 2.5M Barrels Daily as Hormuz Crisis Triggers Shift
Persistent supply shocks in the Strait of Hormuz have forced a historic contraction in global oil demand, pushing power systems toward record…
Persistent supply shocks in the Strait of Hormuz have forced a historic contraction in global oil demand, pushing power systems toward record…
Global oil demand faces its second-worst annual decline in 60 years as Iran-related supply shocks drive WTI crude to $97.26 and gasoline…
Crude oil prices pulled back from a 3.5-month high as the IEA projected a significant demand slump, even as geopolitical conflicts in…
The IEA reports a widening oil supply deficit as war curtails demand but supply falls even faster, pointing to tighter fundamentals and…
UAE oil output hit a record in June, the IEA said, increasing global supply and pressuring crude prices amid OPEC+ quota tensions.
UAE oil exports jumped to 85% of pre-war levels according to the IEA, boosting global crude supply and weighing on oil prices…
The International Energy Agency chief warns that commercial oil stockpiles are dropping at the fastest rate in years, tightening global supply and…
IEA reports record drop in global oil inventories due to Iran war supply shock, sending crude prices above $110/bbl.
IEA chief warns Canada not to miss a ‘golden opportunity’ in energy, fueling bullish bets on oil, Canadian stocks, and the loonie.