Tag:

Energy Markets

IEA sees major oil demand decline in 2026 outlook

Global oil demand is projected to decline by 80,000 barrels per day (80 kb/d) on average in 2026, reversing earlier expectations of 730 kb/d growth, as the Iran conflict disrupts global energy markets, the International Energy Agency (IEA) said on Tuesday.

14 Apr 2026-16:21
US stocks trim losses as Iran signals Hormuz shipping plan amid war tensions

Wall Street pared earlier losses on Thursday after signs that Iran may seek to ease disruptions in the vital Strait of Hormuz, even as escalating rhetoric from Washington kept investors on edge.

02 Apr 2026-23:48
Houthi rebels fire second missile at Israel

Yemen’s Houthi rebels launched a second missile towards Israel, hours after the first which saw them enter the Iran war, an Israeli security source told CNN Saturday.

28 Mar 2026-20:36
IEA ready to release more oil reserves amid global price surge

Fatih Birol, head of the International Energy Agency (IEA), said he is prepared to release additional oil reserves as energy prices soar worldwide.

25 Mar 2026-11:56
What we know on day 22 of the US and Israel’s war with Iran

As the conflict involving the United States, Israel and Iran enters its fourth week, the situation has evolved into one of the most complex and far-reaching geopolitical crises in recent years. What began as a series of targeted strikes has expanded into a multi-theatre confrontation affecting not only the Middle East but also global energy markets, international diplomacy and economic stability.

21 Mar 2026-11:49
Azerbaijan launches search for new Caspian oil and gas reserves

The State Oil Company of the Republic of Azerbaijan (SOCAR) has launched a new phase of offshore exploration in Azerbaijan’s sector of the Caspian Sea with detailed seabed studies at the promising Goshadash structure. The project marks a preparatory stage ahead of a large-scale seismic survey that will use advanced Ocean Bottom Node (OBN) technology, underscoring Azerbaijan’s commitment to expanding its hydrocarbon resource base and maintaining its role as a key energy supplier to regional and global markets.

13 Mar 2026-13:40
US to tap oil reserves as Iran war rattles markets

The United States Department of Energy said it will release 172 million barrels of oil from the Strategic Petroleum Reserve starting next week as the conflict involving the United States and Iran continues.

12 Mar 2026-14:17
Saudi Aramco warns Hormuz disruption could devastate oil markets

Saudi Aramco warned that continued disruption to shipping in the Strait of Hormuz could have “catastrophic consequences” for global oil markets as the conflict involving Iran intensifies.

10 Mar 2026-12:59
Oil prices jump to highest since 2022 at over $119 a barrel

Oil prices surged above $119 per barrel on Monday, reaching levels not seen since mid-2022, as supply cuts and fears of prolonged shipping disruptions shook global energy markets amid the expanding conflict involving the US, Israel and Iran.

09 Mar 2026-13:48
G7 weighs emergency oil reserve release

09 Mar 2026-10:08