IEA Forecasts First Global Oil Demand Contraction Since 2020 Amid Geopolitical Volatility
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
Market-moving news and intelligence across global energy 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
Sempra Infrastructure's ECA LNG Phase 1 project in Mexico has shipped its inaugural cargo, marking a significant step towards full commercial operations an
Escalating US-Iran hostilities could derail the IEA's 2027 oil surplus forecast, impacting global crude and LNG flows through the critical Strait of Hormuz
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
TotalEnergies has dispatched the inaugural LNG cargo from its ECA LNG Phase 1 terminal in Mexico to Asia, marking a strategic milestone for Pacific Basin e
Mauritania and Senegal enter the global LNG export market with the $4.6 billion Greater Tortue Ahmeyim (GTA) project, intensifying African competition.
Mauritania and Senegal enter the global LNG export market with the $4.6 billion Greater Tortue Ahmeyim project, intensifying competition in Africa.
US LNG exports to the Americas hit a multi-year high in early July 2026, driven by peak winter demand in Latin America and global market shifts.
Mauritania and Senegal join Africa's LNG export club with the $4.6 billion Greater Tortue Ahmeyim (GTA) project, intensifying competition in the continent'
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