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The Latest Breaking News from IEA

Crude Prices Retreat on Hopes Middle East Energy Exports to Recover

October WTI crude oil (CLV26 ) closed down -1.61 (-1.58%) on Friday, and October RBOB gasoline (RBV26 ) closed up +0.0203 (+0.58%). Crude oil and gasoline prices settled mixed on Friday. Crude prices were under pressure on Friday on hopes that diplomacy could end hostilities in the Middle East, leading...

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Crude Prices Supported by Middle East Supply Disruptions

October WTI crude oil (CLV26 ) is up +0.38 (+0.37%) today, and October RBOB gasoline (RBV26 ) is down -0.0068 (-0.19%). Crude oil and gasoline prices are mixed today. Crude prices have support as Middle East tensions continue to disrupt crude supplies. However, crude gains are limited on hopes that...

Barchart

Crude Prices Slip as Supply Fears Ease

October WTI crude oil (CLV26 ) closed down -0.52 (-0.51%) on Thursday, and October RBOB gasoline (RBV26 ) closed up +0.0223 (+0.64%). Crude oil and gasoline prices settled mixed on Thursday, with gasoline climbing to a 1.75-month nearest-futures high. Crude prices fell on Thursday amid signs that supply disruptions in...

Barchart

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China's Oil Buffer Is Being Put to the Test as Beijing Draws Down Stockpiles During Hormuz Crisis

China has amassed an estimated 1.4 billion barrels of crude, allowing Beijing to draw on reserves, reduce imports and avoid joining Western emergency oil releases during the Hormuz crisis.

International Business Times UK

Crude Prices Fall as Saudi Arabia Seeks to Restore East-West Pipeline

October WTI crude oil (CLV26 ) is down -1.79 (-1.750%) today, and October RBOB gasoline (RBV26 ) is down -0.0191 (-0.55%). Crude oil and gasoline prices are falling today on signs that supply disruptions in the Middle East are set to ease, potentially boosting global oil supplies. Crude prices are...

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IEA chief says electrification remains the way forward despite AI investment jitters

According to the chief of the IEA, global electrification is hindered by issues related to grid capacity and affordability. The goal for 35% electrification in Asia by 2035 is jointly set by Seoul and the IEA. The Asian LNG market faces challenges due to supply disruptions from Qatar and demands…

The Economic Times

Crude Oil Prices Sharply Lower as Middle East Disruptions Ease

October WTI crude oil (CLV26 ) closed down -3.40 (-3.21%) on Wednesday, and October RBOB gasoline (RBV26 ) closed up +0.0198 (+0.57%). Crude oil and gasoline prices settled mixed on Wednesday, with gasoline climbing to a 3-week nearest-futures high. Crude prices fell sharply on Wednesday as signs emerged that more...

Barchart

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Crude Oil Prices Retreat as Supply Fears Ease

October WTI crude oil (CLV26 ) is down -4.07 (-3.85%) today, and October RBOB gasoline (RBV26 ) is down -0.-0350 (-1.01%). Crude oil and gasoline prices are sharply lower today on signs that crude supplies are getting through the Strait of Hormuz, easing supply concerns. Losses in crude accelerated today...

Barchart

Fact check: UK household energy bills and Dover protesters

Round-up of fact checks from the last few days compiled by Full Fact.

Evening Standard

Crude Prices Surge on Global Supply Risks

October WTI crude oil (CLV26 ) closed up +4.44 (+4.38%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.1481 (+4.46%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude posting a 3.75-month high and gasoline posting a 3-week high. Supply risks are...

Barchart

Crude Prices Soar as Global Oil Supplies Continue to Tighten

October WTI crude oil (CLV26 ) is up +3.30 (+3.25%) on Monday, and October RBOB gasoline (RBV26 ) is up +0.1164 (+3.51%). Crude oil and gasoline prices are sharply higher today, with crude just below Monday’s 3.75-month high. Supply risks are underpinning crude oil prices as crude exports from the...

Barchart

Middle East Supply Constraints Lift Crude Oil Prices

October WTI crude oil (CLV26 ) closed up +1.34 (+1.34%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0099 (+0.30%). Crude oil and gasoline prices settled sharply higher on Monday, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten...

Barchart

Trump Called On Zelenskyy To Stop Attacks Against Diesel Targets. He Said Yes, But With a Caveat.

Zelenskyy daid Ukraine is willing to stop attacks against critical infrastructure, but Russia must do so as well.

International Business Times

Crude Prices Surge as Saudi Arabia Closes its East-West Pipeline

October WTI crude oil (CLV26 ) is up +3.30 (+3.30%) today, and October RBOB gasoline (RBV26 ) is up +0.0690 (+2.09%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten further after...

Barchart

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Evening Standard

Oil and gas prices climb after Saudi Arabia closes east-west pipeline

The price of a barrel of Brent crude oil was up by around 3% to 108 US dollars (£80) on Monday morning.

The Economic Times

Oil markets survived the Iran war sprint. Now comes the marathon

The Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has risen back above $100 a barrel as disruptions spread to Yemen and Saudi Arabia.

The Economic Times

IEA slashes oil demand forecast as prices surge

The International Energy Agency on Friday further reduced its forecast for global oil demand this year, citing the recent escalation in the Mideast war and resurgent energy prices. Ukrainian strikes on Russian refineries and other energy targets are also taking a toll, driving up global fuel prices that will lead…

Barchart

Crude Prices Fall Back After IEA Forecasts Sharp Drop in Oil Demand

October WTI crude oil (CLV26 ) is down -2.97 (-2.90%), and October RBOB gasoline (RBV26 ) is down -0.0499 (-1.47%). Oct WTI oil prices today have fallen back after Thursday’s +6.7% rally to a 3.5 month high. Oil prices fell back after the International Energy Agency (IEA) today warned that...

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Evening Standard

IEA slashes global oil demand and supply forecast again as Iran war intensifies

The Paris-based agency is now predicting 2026 worldwide oil consumption dropping by 2.5 million barrels a day versus 2025 as prices surge.

International Business Times

Oil Prices Keep Climbing As a Result Of Global Conflicts. The IEA Expects Demand To Drop More.

The International Energy Agency expects global oil demand to decline by 2.5 million barrels per day this year.

Barchart

Crude Prices Sharply Higher on Global Supply Worries

October WTI crude oil (CLV26 ) closed up +6.43 (+6.69%) on Thursday, and October RBOB gasoline (RBV26 ) closed up +0.1826 (+5.69%). Crude oil and gasoline prices surged on Thursday, with crude oil posting a 3.5-month high and gasoline posting a 2-week high. Crude prices are rallying sharply amid fears...

Barchart

Crude Oil Prices Soar on Fears US-Iran War to Persist

October WTI crude oil (CLV26 ) is up +5.67 (+5.90%) on Wednesday, and October RBOB gasoline (RBV26 ) is up +0.1572 (+4.90%). Crude oil and gasoline prices are sharply higher today, with crude oil posting a 3.5-month high and gasoline posting a 2-week high. Crude prices are soaring today amid...

Barchart

Crude Oil Prices Surge as No End in Sight to US-Iran Conflict

October WTI crude oil (CLV26 ) closed up +3.02 (+3.25%) on Wednesday, and October RBOB gasoline (RBV26 ) closed down -0.0419 (-1.29%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil climbing to a 3.25-month high. Crude prices are soaring amid concerns that escalating attacks across the...

Barchart

Crude Oil Prices Soar on Escalation of Middle East Hostilities

October WTI crude oil (CLV26 ) is up +3.46 (+3.72%) on Tuesday, and October RBOB gasoline (RBV26 ) is down -0.0419 (-1.29%). Crude oil and gasoline prices are mixed today, with crude oil climbing to a 3.25-month high. Crude prices are soaring amid concerns that escalating attacks across the Middle...

Euronews

European gas prices keep climbing as IEA calls for emergency reserves

With European gas prices hitting the highest since early 2023, the International Energy Agency says governments should consider strategic reserves, more flexible contracts and closer international cooperation to prepare for future natural gas shortages.

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