Oil Supply Could Far Outstrip Demand Growth if Middle East Peace Deal Holds, IEA Says
The global oil market could swing from one of the largest supply disruptions in history to a surplus of more than 5 million barrels per day next year if Middle East production and exports recover following the U.S.-Iran…
Oil Plunges as U.S., Iran Reach Deal to Reopen Hormuz But Outlook Remains Uncertain
Oil Prices Fall Below $80 for the First Time Since March
IEA forecasts 2027 oil surplus as supply rebound outpaces demand growth after Middle East peace deal.
The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.
The global oil market could swing from one of the largest supply disruptions in history to a surplus of more than 5 million barrels per day next year if Middle East production and…
U.S. Crude Oil Stockpiles Fall More Than Expected