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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
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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
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The world is facing a worse energy crisis than the twin oil shocks of the 1970s and the fallout of the Ukraine war combined, the head of the International Energy Agency (IEA) has warned.23 Mar 2026-11:39
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Restoring oil and gas flows from the Gulf could take up to six months, according to International Energy Agency (IEA) chief Fatih Birol, who warned that the world may be facing one of the most severe energy crises in history.20 Mar 2026-17:12
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The Middle East war is causing the largest supply disruption in oil market history, with about 20 million barrels per day of crude and products that normally pass through the Strait of Hormuz now reduced to a trickle, according to the International Energy Agency on Thursday.12 Mar 2026-18:43
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The war in the Middle East is creating the largest supply disruption in the history of the global oil market, according to the International Energy Agency (IEA).12 Mar 2026-15:49
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The International Energy Agency has agreed to release 400 million barrels of oil from its members’ strategic reserves in an effort to ease soaring global energy prices during the conflict involving the United States and Israel with Iran.12 Mar 2026-12:29
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The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization's history.11 Mar 2026-19:32
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