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Stronger Oil Recovery at Risk if Hormuz Deal Crumbles: IEA
The IEA eased its forecast declines for global oil supply and demand this year as June proved stronger than expected. But Hormuz hangs in the balance.
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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…
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zerohedge.com
IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast
"An escalation in hostilities on 7-8 July, however, clouds the outlook and could upend the forecast that sees the market flipping to a surplus next year"
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energyintel.com
Stronger Oil Recovery at Risk if Hormuz Deal Crumbles: IEA
The IEA eased its forecast declines for global oil supply and demand this year as June proved stronger than expected. But Hormuz hangs in the balance.
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benzinga.com
Global Oil Demand Starts Rebound, IEA Warns Hormuz Still Unstable
Global energy demand has started to recover as oil shipments through the Strait of Hormuz partially resumed in June, the IEA said.