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The Latest Breaking News from IEA

Data centers now account for half of all new U.S. electricity use, just as Americans start to sour on AI

Data centers—like the AI models being trained in them—have become a political flash point.

Fortune

Crude Oil Prices Jump as Middle East Tensions Escalate

May WTI crude oil (CLK26 ) today is up +4.87 (+5.81%), and May RBOB gasoline (RBK26 ) is up +0.1140 (+3.79%). Crude oil and gasoline prices are sharply higher today after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to...

Barchart

Iran Travel Chaos: How Are Passengers Protected Amid Flight Cancellations?

The Iran conflict has led to jet fuel shortages, causing European flight cancellations and disruptions. Airlines are adjusting routes, and passengers face potential delays and cancellations.

International Business Times UK

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Air Canada temporarily suspends some flights to New York and other locations

Separately, Spirit Airlines reportedly seeks emergency US government funds as Iran war keeps aviation fuel costs high

The Guardian - US

Crude Oil Prices Plummet as the Strait of Hormuz Reopens

May WTI crude oil (CLK26 ) on Friday closed down -10.84 (-11.45%), and May RBOB gasoline (RBK26 ) closed down -0.1589 (-5.02%). Crude oil and gasoline prices plummeted on Friday, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank on Friday after...

Barchart

Crude Oil Prices Plunge on Opening of the Strait of Hormuz

May WTI crude oil (CLK26 ) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26 ) is down -0.2138 (-6.76%). Crude oil and gasoline prices have plummeted today, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank today after Iran said...

Barchart

Energy Output In Middle East Will Take About Two Years To Recover, IEA Chief Says

Energy output in the Middle East could take two years to go back to pre-war levels, according to the head of the International Energy Agency.

International Business Times

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Europe Faces Jet Fuel Shortage Within Weeks, IEA Chief Warns

Europe is facing a fuel crisis due to the US-Iran conflict, with the closure of the Strait of Hormuz impacting supply and causing price surges.

International Business Times UK

EU downplays jet fuel shortage risks despite IEA warning

EU officials and the International Energy Agency have contrasting narratives over jet fuel supply. While the European commission minimises the risk, it acknowledges that the market remains “tight” and says the EU is prepared to respond appropriately.

Euronews

Britain Is One of the Most Vulnerable Countries in Europe for Jet Fuel; IEA Says Flights Could Be Cancelled From May

Europe faces a jet fuel shortage, raising concerns about potential flight disruptions. The UK is particularly vulnerable due to its reliance on imported fuel and limited refining capacity.

International Business Times UK

Europe Is on the Brink With Only About Six Weeks of Jet Fuel Left: IEA Energy Chief Issues Dire Warning

Europe may face flight cancellations as jet fuel supplies dwindle due to the Iran conflict and Strait of Hormuz closure, warns the International Energy Agency.

International Business Times UK

Flying soon? What the jet fuel crisis means for travellers and airlines

Jet fuel prices have roughly doubled since the war in Iran began – and shortages could start next.

Euronews

Jet fuel supplies are lagging. What does that mean for airlines and travelers?

A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn’t start flowing soon

The Independent UK

Crude Oil Rallies on Concerns US-Iran War to Persist

May WTI crude oil (CLK26 ) on Thursday closed up +3.40 (+3.72%), and May RBOB gasoline (RBK26 ) closed up +0.0945 (+3.08%). Crude oil and gasoline prices rallied sharply on Thursday as the US naval blockade of the Strait of Hormuz entered its fourth day, curbing oil supplies from the...

Barchart

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Barchart

Crude Prices Climb as Global Oil Supplies Remain Disrupted

May WTI crude oil (CLK26 ) today is up +2.40 (+2.63%), and May RBOB gasoline (RBK26 ) is up +0.0655 (+2.13%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude oil and gasoline prices are moving higher today as the US naval...

International Business Times

Europe May Only Have Six Weeks Of Jet Fuel Left As Iran Conflict Continues To Disrupt Supplies

Continued risks to Middle East fuel shipments are raising fears of flight cuts and wider disruption across Europe's aviation sector.

Euronews

Europe has six weeks of jet fuel left caused by 'dire strait' crisis, IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

The Guardian - UK

Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA

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Fortune

Oil prices may be falling, but for the wrong reason: ‘Demand destruction’ throttling global consumption, report finds

The International Energy Agency said oil demand is projected to contract by 80,000 barrels per day in 2026.

Barchart

Possible US-Iran Ceasefire Extension Knocks Crude Prices Lower

May WTI crude oil (CLK26 ) on Wednesday closed down -0.05 (-0.05%), and May RBOB gasoline (RBK26 ) closed up +0.0297 (+0.98%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude prices came under pressure on Wednesday after the AP reported that...

Barchart

Crude Prices Gain on Tighter Global Oil Supplies

May WTI crude oil (CLK26 ) today is up +1.22 (+1.34%), and May RBOB gasoline (RBK26 ) is up +0.0446 (+1.47%). Crude oil and gasoline prices recovered from early losses on Wednesday and moved higher amid the US naval blockade of the Strait of Hormuz, which continues to curb global...

Euronews

‘A ray of hope’: EU governments gather to plan way out of fossil fuel reliance

Energy crises could be a thing of the past if reliable, cheap and abundant clean energy is given precedence over fossil fuels.

Barchart

Crude Prices Fall on Hopes Diplomacy Can End US-Iran War

May WTI crude oil (CLK26 ) on Tuesday closed down -7.80 (-7.87%), and May RBOB gasoline (RBK26 ) closed down -0.0765 (-2.46%). Crude oil and gasoline prices fell sharply on Tuesday in hopes that the US and Iran would extend peace negotiations. Crude prices extended their losses on Tuesday after...

Barchart

Crude Oil: Short Supply, Demand Destruction, or Alternate Alliteration?

Early Tuesday morning, the IEA reportedly said crude was facing 'demand destruction' due to the US president's War on Iran.

Barchart

US-Iran Peace Hopes Hammer Crude Oil Prices

May WTI crude oil (CLK26 ) today is down -5.69 (-5.74%), and May RBOB gasoline (RBK26 ) is down -0.0822 (-2.64%). Crude oil and gasoline prices are sharply lower today in hopes that the US and Iran will extend peace negotiations. Crude prices extended their losses today after the US...

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