Market-moving news and intelligence across global energy markets.
Global oil prices jumped over 9% to a one-month high after the US announced a naval blockade of Iran's coastline, reigniting Strait of Hormuz supply fears.
Future oil bull markets hinge on China's confirmed purchases and global Strategic Petroleum Reserve rebuilding, alongside persistent Strait of Hormuz risks
The IEA projects a 3.7 million bpd drop in global oil supply for 2026, driven by Middle East conflict impacts and tight product markets, despite a partial
The IEA's July 2026 Oil Market Report indicates a global oil demand recovery and supply rebound, but warns of persistent tightness in product markets.
The IEA's July report projects global oil demand to fall by 1 million b/d in 2026, the first contraction since 2020, as Middle East tensions disrupt market
The IEA's July report shows global oil demand recovering from May lows as Strait of Hormuz flows resume, but renewed US-Iran tensions threaten future marke
Oil prices eased on Thursday as markets assessed the escalating US-Iran conflict and its implications for peace efforts and the Strait of Hormuz.
Renewed fighting in the Middle East and fresh US sanctions on Iranian oil exports have pushed Brent crude futures up, challenging the fragile peace framewo
Global natural gas demand is forecast to contract by 0.5% in 2026 due to tighter supply, elevated prices, and Middle East conflict impacts, according to th
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