Tag:

International 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
Why Oracle is cutting thousands of jobs worldwide

Oracle has begun a significant round of global job cuts in 2026, affecting employees across multiple regions and divisions.

31 Mar 2026-20:57
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
Gold’s steady rise reflects lasting global uncertainty: What’s behind price surge

14 Nov 2025-08:03