The Latest Breaking News from International Energy Agency

From rocks to riches: India’s unfinished critical minerals story

India's manufacturing industry is significantly affected by its heavy reliance on imported critical minerals like lithium and cobalt. The recent supply disruptions from China have highlighted weaknesses in India's domestic capacity for refining these minerals. Efforts to enhance mineral processing and create integrated production facilities are underway to reduce import…

The Economic Times · 2h ago

Crude Oil Prices Surge as Global Supply Risks Multiply

November WTI crude oil (CLX26 ) closed up +3.44 (+3.51%) on Friday, and November RBOB gasoline (RBX26 ) closed up +0.552 (+1.74%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 1-month high. Crude prices rose Friday amid a weaker dollar and concerns that escalating hostilities...

Barchart · Oct 16

Oil Prices Are Already Soaring. Their 'Real' Cost Could Be Much Higher, Analyst Says.

Disruptions in the Middle East have driven physical oil prices sharply above futures benchmarks and squeezed refinery margins in Europe and Asia.

International Business Times · Oct 16

Crude Prices Jump as Middle East Hostilities Disrupt Global Supplies

November WTI crude oil (CLX26 ) closed up +2.88 (+3.03%) on Thursday, and November RBOB gasoline (RBX26 ) closed down -0.793 (-2.43%). Crude oil and gasoline prices settled mixed on Thursday, with crude up sharply at a 3-week high and gasoline falling to a 2-week low. Escalating hostilities in the...

Barchart · Oct 15

Fuel Refineries Eye Record Profits as Households and Businesses Face Diesel Shortages

Diesel supplies could remain tight well into 2027, the IEA warns, as record margins aid some refiners while crude and shipping costs squeeze others.

International Business Times UK · Oct 15

Kallas: Ukraine’s attacks on Russian refineries constitute self-defence

EU foreign policy chief Kaja Kallas says Ukraine’s strikes on Russian refineries are legitimate, as Kyiv vows to resume them despite Trump’s energy ceasefire.

Euronews · Oct 15

Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’—and diesel relief may not come until 2027

Mike Wirth says commercial stockpiles, emergency reserves, and once-sanctioned barrels have all been tapped, leaving the global energy system more exposed just weeks before the midterms.

Fortune · Oct 15

EU leaders enter crunch talks on energy, China and the budget

Good morning from Brussels, where EU leaders are about to kick off a two-day summit. On their menu today: soaring energy prices, China trade ties and the showdown over the EU’s next long-term budget. Let’s dive in.

Euronews · Oct 15

Oil Price Today (October 15): Crude oil dips to $105 despite rising Middle East tensions. Here’s why

Brent crude futures declined $1.50, or 1.41%, to $104.55 a barrel, while US West Texas Intermediate (WTI) crude futures dropped $1.02, or 1.07%, to $94.07. Both benchmarks reversed gains made in the previous session.

The Economic Times · Oct 15

Oil prices fall as investors weigh supply outlook, Middle East tensions

Oil prices experienced a downturn as investors weigh the repercussions of shipping assaults in the Strait of Hormuz, particularly from Houthi attacks on Saudi Aramco, heightening supply disruption fears. In response, the US is considering relaxing sanctions on oil transport vessels to stabilize consumer prices. Meanwhile, increased Russian oil production…

The Economic Times · Oct 15