Global oil demand is set to drop sharply lower before flows through Hormuz gradually normalize, with supply expected to rebound to 8 million barrels a day in 2027 ... .
The drawdown since the start of the conflict has reached 163 million barrels in the Organisation for Economic Cooperation and Development (OECD) club of wealthy countries, the IEA said in its monthly report ....
The Iran war has exposed major risks for Southeast Asia that could cost the region billions of dollars, if it doesn't diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday ... .
The drawdown since the start of the conflict has reached 163 million barrels in the Organisation for Economic Cooperation and Development club of wealthy countries, the IEA said in its monthly report.
lifting its naval blockade, potentially bringing an end to the largest oil supply disruption in history which shut in over 14 million barrels per day of Middle East oil output, according to the IEA.
According to the IEA's latest Monthly Oil Report, global ... The IEA forecast global oil supply to fall by an average of 3.9 mb/d in 2026 to 102.4 mb/d, before rising by 8 mb/d in 2027 to 110.3 mb/d.
Is a major oil surplus coming in 2027 after Hormuz reopening? IEA predicts global supply shift ... In the midst of a paradigm shift, the International Energy Agency (IEA) has issued oil outlook in its monthly report on Wednesday.
“Diversification of energy sources and supply routes is now a central priority,” said Fatih Birol, the IEA executive director ...The Philippines became the second-largest destination for Chinese solar exports in the first quarter of 2026, the IEA found.