Paris: The International Energy Agency (IEA) has lowered its forecast for global oil demand in 2026, expecting consumption to decline by 2.5 million barrels per day, compared with a decrease of 1.6 million barrels per day projected in its August estimate, amid the fallout from the conflict in the M»»»

Paris [France], May 13 (ANI): The global energy landscape is facing a seismic shift as "rapidly shrinking buffers amid continued disruptions may herald future price spikes ahead," the International Energy Agency (IEA) cautioned on Wednesday.With the strategic Strait of Hormuz effectively choked for»»»

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency said in its monthly oil market report on Wednesday. The US and Israel's war with Iran, subsequent damage to Iran and its Gulf neighbors' oil infrastruct»»»