Market-moving news and intelligence across global energy markets.
The IEA significantly lowers its 2026 global oil demand forecast, citing the Strait of Hormuz closure and high fuel prices, while OPEC maintains a growth o
Global oil prices eased as OPEC and IEA lowered 2026 demand forecasts, overshadowing persistent supply risks from the Strait of Hormuz and stalled US-Iran
The EIA has raised its 2026 oil price forecasts, projecting Brent crude to average $87/bbl, as Middle East geopolitical tensions severely constrain Strait
OPEC+ reversed 3.5M bpd cuts for September, but Gulf export risks and declining global demand keep oil markets volatile, prompting Saudi Aramco to cut OSPs
OPEC+ completed its 2023 production cut reversal, but geopolitical risks and constrained Gulf exports keep physical oil flows tight, driving market reprici
Geopolitical risks in the Strait of Hormuz and Bab el-Mandab, coupled with Russian export disruptions and European drought, drive global energy market vola
OPEC+ concludes its 2023 voluntary oil production cut rollback with a September output increase, signaling a stable supply outlook for global markets.
OPEC+ approved a 188,000 bpd oil production quota increase for September, completing voluntary cuts, but geopolitical disruptions limit real market impact.
OPEC+ may freeze oil production quotas from October 2026 through January 2027, ending monthly increases amid persistent global supply constraints and geopo
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