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The Latest Breaking News from IEA

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply is set to fall short of demand this year, with the Iran war severely impacting Middle East production. The International Energy Agency reports significant supply losses and a projected deficit of 1.78 million barrels per day by 2026. Demand is also expected to decline due to price…

The Economic Times

Crude Oil Prices Surge on Concern Over Prolonged Closure of Hormuz

June WTI crude oil (CLM26 ) on Tuesday closed up +4.11 (+4.19%), and June RBOB gasoline (RBM26 ) closed up +0.0979 (+2.72%). Crude oil and gasoline prices settled sharply higher for a second day on Tuesday after President Trump cast doubt over the ceasefire with Iran, which could lead to...

Barchart

Crude Oil Prices Rally on Doubts Over US-Iran Ceasefire

June WTI crude oil (CLM26 ) today is up +3.95 (+4.03%), and June RBOB gasoline (RBM26 ) is up +0.1110 (+3.08%). Crude oil and gasoline prices are moving sharply higher today after President Trump cast doubt over the ceasefire with Iran, which could lead to the escalation of hostilities that...

Barchart

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Strait of Hormuz Closure Pushes Crude Prices Higher

June WTI crude oil (CLM26 ) on Monday closed up +2.65 (+2.78%), and June RBOB gasoline (RBM26 ) closed up +0.0731 (+2.07%). Crude oil and gasoline prices settled sharply higher on Monday after President Trump rejected Iran's response to his latest peace proposal, which prolongs the closure of the Strait...

Barchart

Crude Oil Recovers as US May Restart Operations to Reopen the Strait of Hormuz

June WTI crude oil (CLM26 ) on Thursday closed down -0.27 (-0.28%), and June RBOB gasoline (RBM26 ) closed down -0.0033 (-0.10%). Crude oil and gasoline prices closed lower on Thursday on optimism that a US-Iran peace deal is imminent. The markets await further updates after the US presented a...

Barchart

Crude Oil Prices Pressured by Iran Peace Hopes

June WTI crude oil (CLM26 ) today is down -3.36 (-3.53%), and June RBOB gasoline (RBM26 ) is down -0.0862 (-2.49%). Crude oil and gasoline prices are sharply lower for a second day today on optimism that a US-Iran peace deal is imminent. The markets await further updates after the...

Barchart

‘At a crossroads’: will piling-up crises force Europe to put brakes on SUV culture?

Bigger cars including electric can cause multiple harms, yet resistance to rise of US-style vehicles has had mixed support

The Guardian - UK

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Crude Oil Prices Sink on Improved Iran Peace Prospects

June WTI crude oil (CLM26 ) on Wednesday closed down -7.19 (-7.03%), and June RBOB gasoline (RBM26 ) closed down -0.1613 (-4.46%). Crude oil and gasoline prices plummeted on Wednesday, with crude falling to a 2-week low and gasoline sliding to a 1-week low. Optimism that a US-Iran peace deal...

Barchart

Crude Oil Prices Plummet on Optimism of US-Iran War to End

June WTI crude oil (CLM26 ) today is down -7.13 (-6.97%), and June RBOB gasoline (RBM26 ) closed down -0.1780 (-4.92%). Crude oil and gasoline prices are plunging today, with crude falling to a 2-week low and gasoline sliding to a 1-week low. Optimism that a US-Iran peace deal is...

Barchart

Crude Oil Prices Retreat as Middle East Tensions Ease

June WTI crude oil (CLM26 ) on Tuesday closed down -4.15 (-3.90%), and June RBOB gasoline (RBM26 ) closed down -0.1176 (-3.15%). Crude oil and gasoline prices settled sharply lower on Tuesday as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices retreated as...

Barchart

Over the past 15 years, NZ moved its fuel safety net offshore – now it’s being exposed

Amid a worsening global energy crisis, New Zealand and Singapore’s freshly struck deal to keep fuel and other essential goods flowing is being touted as a boost to supply chain resilience.

The Conversation

Crude Oil Prices Tumble as Middle East Ceasefire Holds

June WTI crude oil (CLM26 ) today is down -4.54 (-4.27%), and June RBOB gasoline (RBM26 ) is down -0.1140 (-3.05%). Crude oil and gasoline prices are sharply lower today as the ceasefire in the Middle East appears to be holding, easing geopolitical risks. Crude prices are retreating as relative...

Barchart

Stalled methane fight risks climate, energy security

Concerted efforts to curb methane from fossil fuel production in Australia and around the world could benefit both the climate and energy security.

AAP

Crude Oil Prices Surge as Iran Tensions Heat Up

June WTI crude oil (CLM26 ) on Monday closed up +4.48 (+4.39%), and June RBOB gasoline (RBM26 ) closed up +0.1430 (+3.98%). Crude oil and gasoline prices recovered from overnight losses and moved sharply higher on signs of heightened tensions in the Strait of Hormuz. Crude prices shot higher Monday...

Barchart

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Barchart

Crude Oil Prices Surge as Middle East Tensions Flare Up

June WTI crude oil (CLM26 ) today is up +3.18 (+3.12%), and June RBOB gasoline (RBM26 ) is up +0.1323 (+3.68%). Crude oil and gasoline prices recovered from overnight losses and moved sharply higher on signs of heightened tensions in the Strait of Hormuz. Crude prices spiked higher after Iran's...

Radio France Internationale

France urges faster methane cuts as emissions remain at record high

France is using its G7 presidency to press for quicker global action on methane, as a major energy report warned emissions from fossil fuels remain stubbornly high.

Axios

A closed Strait of Hormuz was once unthinkable

"The idea was laughed out of the room," one expert said when the scenario was discussed.

The Guardian - AU

‘Wake-up call’: methane emissions from Australian coalmines more than double official estimates, report finds

International Energy Agency findings show government must commit to rapid cuts in emissions of greenhouse gas, climate experts say

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Barchart

Crude Prices Fall on Hopes for US-Iran Negotiations

June WTI crude oil (CLM26 ) on Friday closed down -3.13 (-2.98%), and June RBOB gasoline (RBM26 ) closed down -0.0198 (-0.55%). Crude oil and gasoline prices gave up early gains on Friday and settled sharply lower, with gasoline falling from a 3.75-year high. Crude prices came under pressure on...

Barchart

Crude Prices Tumble on Hopes Negotiations to End Iran War Will Resume

June WTI crude oil (CLM26 ) today is down -3.37 (-3.21%), and June RBOB gasoline (RBM26 ) is down -0.0448 (-1.24%). Crude oil and gasoline prices gave up early gains today and retreated , with gasoline falling from a 3.75-year high, on hopes that negotiations to end the US-Iran war...

Barchart

Signs of Weaker Energy Demand Fuel Long Liquidation in Crude Prices

June WTI crude oil (CLM26 ) today is down -2.01 (-1.88%), and June RBOB gasoline (RBM26 ) is down -0.0104 (-0.29%). Crude oil and gasoline prices gave up early gains today and fell sharply on concerns that higher energy prices are starting to curb demand and global economic growth. Long...

Barchart

Crude Prices Surge With No End in Sight to US-Iran War

June WTI crude oil (CLM26 ) on Wednesday closed up +6.95 (+6.95%), and June RBOB gasoline (RBM26 ) closed up +0.1650 (+4.81%). Crude oil and gasoline prices extended this week's sharp rally on Wednesday, with crude oil posting a 3-week high and gasoline posting a 3.75-year high. Crude prices continue...

Barchart

Crude Prices Soar on Prospects for Prolonged Closure of Hormuz

June WTI crude oil (CLM26 ) today is up +5.18 (+5.18%), and June RBOB gasoline (RBM26 ) is up +0.1502 (+4.38%). Crude oil and gasoline prices extended this week's sharp rally today, with crude oil posting a 2-week high and gasoline posting a 3.75-year high. Crude prices continue to climb...

Barchart

Tighter Global Oil Supplies Underpin Crude Prices

June WTI crude oil (CLM26 ) on Tuesday closed up +3.56 (+3.69%), and June RBOB gasoline (RBM26 ) closed up +0.0623 (+1.85%). Crude oil and gasoline prices rallied sharply for a second day on Tuesday, with crude oil posting a 2-week high, and gasoline posting a 3.75-year high. Crude prices...

Fortune

German chancellor says the U.S. 'is being humiliated by the Iranian leadership' as allies go public with discontent

Thailand’s foreign minister told The Washington Post the country is looking to Russia and China as the country grapples with an energy shock from the Iran war.

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