Global oil demand picks up despite war fears

Global oil demand to drop for first time since 2020 amid Iran conflict, IEA says

LONDON: Global oil demand is on track to decline for the first time since the height of the COVID-19 pandemic, the International Energy Agency said Friday, as war with Iran disrupts production and exports across the Middle East. World oil demand is set to fall by 1 million barrels per day year-over-year in 2026, marking ... Read more The post Global oil demand to drop for first time since 2020 amid Iran conflict, IEA says appeared first on BOL News.

Global oil demand dropping

Global oil demand is set to decline this year for the first time since the height of the Covid-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about 1 million barrels per day in 2026, is due to higher oil prices and [] The post Global oil demand dropping appeared first on Egyptian Gazette.

Commodities: Oil Under Pressure Amid Rebound In Middle East Flows

Commodities: Oil Under Pressure Amid Rebound In Middle East Flows

Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share?

The four month Iran war severely disrupted global energy markets after Tehran restricted shipping through the Strait of Hormuz following U.S. and Israeli military strikes. At the height of the conflict, around 14 million barrels of oil per day were removed from global supply, triggering fears of a prolonged energy crisis and sending Brent crude [] The post Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share? appeared first on Modern Diplomacy.

Global oil demand is dropping, but US drivers keep buying more gas

Global oil demand is set to decline this year for the first time since 2020.

JUST IN: 🇺🇸🇮🇷 IEA says US-Iran war restarting could trigger another global oil shortage.

JUST IN: IEA says US-Iran war restarting could trigger another global oil shortage.@BRICSNews

Global oil demand set for first annual decline since 2020, IEA says 

The International Energy Agency projects a significant downturn in global oil demand for 2026. This marks the first annual decline since the 2020 pandemic. The agency cites the ongoing conflict involving Iran as the primary catalyst for this shift. Hostilities in the Middle East have severely damaged production capacity and disrupted critical export routes. Impact []

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

Global oil demand is falling, and crude prices are down. But here’s why gasoline, diesel and other refined products are still costly

The main exception to the global slump in oil usage was in the U.S., where gasoline use increased in the second quarter of 2026.

Global Oil Demand Is Heading For Its First Drop Since 2020. What's Driving It?

According to the AP report, global oil consumption in May fell by 5.3 million bpd from a year earlier to an average of 97.9 million barrels per day.

IEA says global oil demand picks up despite war fears

IEA says global oil demand picks up despite war fears

Record-High US Fuel Exports Are Straining Domestic Stockpiles

Unprecedented overseas demand for US diesel, propane and other fuels is straining commercial reserves from the Gulf Coast to the Eastern Seaboard as the US-Iran conflict reintensifies, pushing energy prices higher.

Find out more as marketers demand petrol pump price reduction nationwide

PETROAN has urged nationwide petrol price cuts, citing falling crude oil prices, cheaper landing costs, and improved global supply conditions across the market.

Hormuz: China Oil Demand Tapped out, Heavy Truck EVs Rise

If the country stops needing to use diesel for trucks, that is game over for petroleum

Oil prices decline after OPEC+ agrees to increase output

London, July 6 (SANA) Oil prices fell in global trading on Monday after OPEC+ agreed to a further increase in production targets starting in August, while exports through the Strait of Hormuz continued to recover, paving the way for increased supplies to the global market. Reuters reported that Brent crude futures fell 24 cents, or []

FG mounts pressure on marketers to cut petrol price

By Obas Esiedesa, Abuja The Federal Government on Monday mounted fresh pressure on petroleum marketers to reduce the pump price of Premium Motor Spirit also known as petrol, insisting that the sharp decline in international crude oil prices should be reflected in retail fuel prices across the country. Speaking at the Stakeholders’ Meeting on Cost-Reflective [] The post FG mounts pressure on marketers to cut petrol price appeared first on Vanguard News.

Oil Sinks Sharply as Tanker Traffic Through Hormuz Rises, Brent Posts 11% Weekly Loss

Global oil prices fell sharply at the end of the week as concerns over supply disruptions in the Middle East eased, with increased tanker traffic through the Strait of Hormuz signaling stable flows despite recent regional tensions.

European Union: Oil Flows from Middle East Recovering

European Union: Oil Flows from Middle East Recovering

IEA issues oil demand warning

The Strait of Hormuz disruption is set to trigger the first annual decline in crude consumption since Covid-19, the energy watchdog saysGlobal oil demand is on track to post its first annual decline since the Covid-19 pandemic as the US-Iran war has severely disrupted Middle Eastern oil production and exports, the International Energy Agency (IEA) has said.The Middle East conflict, trigge

IEA issues oil demand warning

The IEA forecasts a 1 million barrel-a-day decline in global oil demand in 2026 as the Iran war continues to disrupt Middle Eastern exports Read Full Article at RT.com

Harga minyak minyak dijangka capai AS$65 setong menjelang Oktober

PETALING JAYA: Harga minyak mentah global dijangka terus berada dalam aliran menurun dan berpotensi mencecah AS65 (RM266.53) setong menjelang Oktober, berikutan jangkaan lebihan bekalan dalam pasaran susulan konflik Asia Barat yang mereda serta pembukaan semula Selat Hormuz. Penganalisis ekonomi, Prof. Emeritus Dr. Barjoyai Bardai berkata, penurunan harga minyak ketika ini lebih banyak didorong oleh faktor ... Read more The post Harga minyak minyak dijangka capai AS65 setong menjelang Oktober appeared first on Utusan Malaysia.

World weathers historic oil shock, but depleted reserves bring risks

The world has coped unexpectedly well with the disappearance of over a billion barrels of oil since the start of the Iran war, yet the risk of sharp price increases still hangs as...

Oil prices fall - the entire war premium is gone

Oil prices fall - the entire war premium is gone

GREEN: Trans Mountain ‘capacity’ milestone should end opposition to new pipeline

Turbulence in world oil markets due to the Iran war has only made Canadian oil more attractive and the Trans Mountain expansion has been instrumental in priming the pump for future sales to those Asian markets

Oil off its highs but risks return

Oil prices came under significant pressure following the temporary deal between the US and Iran. But the recent flare-up in hostilities poses risks. The key factors for the outlook remain the sustainability of the Persian Gulf supply recovery and how soon Chinese buying returns to the market

Global gas demand expected to decline by 0.5% in 2026: IEA

Global gas demand expected to decline by 0.5% in 2026: IEA

OPEC+ raises output as oil market enters new geopolitical era

The shifting tides of the global energy market have once again thrust OPEC+ into the spotlight, laying bare the delicate and often volatile intersection of geopolitics and oil economics. The group’s recent decision to boost oil production targets for August by 188,000 barrels per day is on the surface a standard regulatory tweak meant to stabilize a fluctuating market.

US consumer confidence inches up as economic pessimism lingers

Consumer attitudes had significantly deteriorated following the Iran war, which triggered a surge in oil and gas costs

Oil Is Flowing Out of the Gulf. Everything Else Is Up in the Air

Oil Is Flowing Out of the Gulf. Everything Else Is Up in the Air

Shares slip in Asia as oil jumps on Gulf attacks

Oil is climbing as the US and Iran trade attacks in the Gulf, choking the Strait of Hormuz and rekindling inflation risks, while share markets slide in Asia.

Muslim group urges Nigerian Govt to force fuel price down below N700 per litre

The Muslim Media Watch Group of Nigeria, MMWG, has called on the Federal Government to compel petroleum marketers to reduce fuel prices, arguing there is “no basis” to keep petrol above N1,000 per litre now that global oil prices have dropped to pre-war levels. In a statement issued on Friday and signed by its National Coordinator, Alhaji [] Muslim group urges Nigerian Govt to force fuel price down below N700 per litre

Global oil market sees major turnaround after recent turmoil

Global oil demand has begun to recover as shipments through the strategically important Strait of Hormuz resume and prices continue to ease, the International Energy Agency (IEA) said on Friday. “Global oil demand is recovering, with consumption rebounding from its low point in May,” the IEA said in its monthly report. In June, the agency [] The post Global oil market sees major turnaround after recent turmoil appeared first on Baltic News Network.

Global gas demand to fall 0.5% in 2026, IEA says

Global gas demand to fall 0.5% in 2026, IEA says

PepsiCo (PEP) Q2 2026 Earnings Call Transcript

International markets drive growth as North America faces fuel headwinds.

World : IEA Upgrades 2026 Oil Demand Forecast, Raises Production Outlook

MOSCOW, July 10 (Bernama-Sputnik/RIA Novosti) -- The International Energy Agency (IEA) has slightly upgraded its forecast for global oil demand in 2026. It now expects the demand to decline by 1.05 million barrels per day to 103.463 million barrels per day, the organisation said in its fresh report on Friday, according to Sputnik/RIA Novosti.

The United States Becomes the World’s Top Oil Exporter Amidst the Iranian and Ukrainian Conflicts

The United States has become the world’s largest oil exporter after sanctions against Russia for its invasion of Ukraine reduced The post The United States Becomes the World’s Top Oil Exporter Amidst the Iranian and Ukrainian Conflicts appeared first on IER.