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Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume
Global oil demand is showing signs of recovery as shipments through the Strait of Hormuz resume and crude prices ease, the International Energy Agency (IEA) said. While the agency raised its demand outlook slightly, it cautioned that consumption and production remain well below pre-conflict levels amid lingering Middle East tensions.
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cryptobriefing.com
US government projects global crude oil production to rebound by end of 2026
The EIA projects global crude oil production will recover to pre-conflict levels by end of 2026 as the US-Iran deal reopens the Strait of Hormuz.
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economictimes.indiatimes.com
Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening
Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus…
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Global Market: IEA sees global oil demand recovering as Strait of Hormuz flows resume
Global oil demand is showing signs of recovery as shipments through the Strait of Hormuz resume and crude prices ease, the International Energy Agency (IEA) said. While the agency…