Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International Energy Agency said Wednesday.

De wereldwijde olievoorraden nemen in recordtempo af door de oorlog in het Midden-Oosten. Daardoor is de export van olie uit de regio ernstig verstoord geraakt, meldt het…

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.

The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to…

The IEA and Opec have both lowered their forecasts for global oil demand in 2026, but the producer group sees a far more resilient oil market.

Global oil inventories are buffering consumers from the full force of the supply shock, but analysts warn that reserves can't be drawn down indefinitely.

Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International…

Countries are tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the Middle East war, the International…

Global oil inventories fell 250M barrels in two months as the Iran war blocks the Strait of Hormuz, triggering a worldwide scramble for energy supplies.