Tag: International Energy Agency
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IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows
LONDON: Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday (Sep 11), as a lack of progress in ending the Iran war delays the return of normal Middle East flows into 2027 and sends fuel prices soaring.An increase in attacks on oil ta
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IEA cuts 2026 oil demand forecast again as Hormuz remains shut
PARIS: The International Energy Agency on Wednesday (Aug 12) sharply reduced its forecast for global oil demand this year, as supplies remain crimped by the closure of the Strait of Hormuz and high prices deter buyers.
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IEA says Mideast fighting increases energy concerns
PARIS: The head of the International Energy Agency said on Tuesday (Jul 21) that renewed fighting in the Mideast increases concerns over energy supplies but that the market still has cushions to absorb the impact.”The escal
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IEA sees gradual Hormuz recovery tipping into significant 2027 oil surplus
LONDON: The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency said in its monthly oil market report on Wednesday (Jun 17).The US and Iran reached an agreement to end the three-month-old war, which
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