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The Latest Breaking News from the International Energy Agency

Global Oil Demand To Drop For The First Time In More Than Five Years, IEA Says

Global oil demand is set to drop for the first time since 2020, according to the International Energy Agency as the war in Iran saw traffic through the Strait of Hormuz plummet.

International Business Times

Fresh US-Iran clash clouds IEA oil outlook despite June supply lift from Hormuz reopening

Global oil supply rebounded in June after a ceasefire allowed Strait of Hormuz transit. However, renewed hostilities between the United States and Iran threaten future oil surplus forecasts. The International Energy Agency sees potential disruption to its 2027 surplus projection. Refined product markets remain tight due to refinery issues and…

The Economic Times

How Europe's growing need for cooling is reshaping electricity demand

Europe's June heatwave has driven up electricity demand and wholesale power prices across the continent, highlighting the growing impact of cooling needs on electricity systems.

Euronews

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Crude Oil Prices Fall Sharply as Persian Gulf Oil Flows Accelerate

August WTI crude oil (CLQ26 ) on Wednesday closed down -2.87 (-3.92%), and August RBOB gasoline (RBQ26 ) closed down -0.0669 (-2.34%). Crude oil and gasoline prices sold off sharply on Wednesday, with crude oil posting a 3.5-month low. Wednesday’s rally in the dollar index ($DXY ) to a 13-month...

Barchart

Crude Oil Prices Sink as Global Oil Supplies Recover

August WTI crude oil (CLQ26 ) today is down -3.02 (-4.13%), and August RBOB gasoline (RBQ26 ) is down -0.0842 (-2.95%). Crude oil and gasoline prices are falling sharply today, with crude oil posting a 3.5-month low. Today’s rally in the dollar index ($DXY ) to a 13-month high is...

Barchart

OPEC Chief Rejects IEA's Oil Glut Warning as Strait of Hormuz Reopens

OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA) that the global oil market is headed toward a major supply glut.

International Business Times

Tightness in US Crude Supplies Supports Crude Oil Prices

July WTI crude oil (CLN26 ) on Wednesday closed up +0.74 (+0.97%), and July RBOB gasoline (RBN26 ) closed up +0.0291 (+1.01%). Crude oil and gasoline prices settled higher on Wednesday, with crude recovering from a 3.5-month low. Crude oil prices rose on Wednesday on some technical buying after sharp...

Barchart

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Crude Oil Prices Jump as US Domestic Supplies Tumble

July WTI crude oil (CLN26 ) today is up +0.90 (+1.18%), and July RBOB gasoline (RBN26 ) is up +0.0098 (+0.34%). Crude oil and gasoline prices are moving higher today, with crude recovering from a 3.5-month low. Crude oil prices are climbing today on some technical buying after sharp losses...

Barchart

IEA sees gradual Hormuz recovery tipping into significant 2027 surplus

The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the…

The Economic Times

How methane policy will make or break the climate crisis

There’s no sign that methane emissions are declining globally.

The Conversation

'Brace for New Shocks in June' as World Oil Supplies Near a Point of No Return, Analysts Warn

Global oil reserves are depleting rapidly due to the Iran war, with experts warning of severe economic impacts if the Strait of Hormuz remains closed.

International Business Times UK

Newsletter: ‘A dangerous place’, Magyar’s moment and Europe’s mouthpiece

As the International Energy Agency warns of the fallout from sky-high energy prices prompted by the war in the Middle East, the Hungarian Prime Minister Péter Magyar comes to town aiming to unlock billions of frozen EU funds – while the bloc thrashes out whether to speak to Moscow.

Euronews

Exclusive: IEA chief Birol warns Europe easing Russian energy sanctions would be 'major mistake'

IEA chief says “knocking on Russia’s door” would be a repeat of past mistakes, even as the EU is rattled by a price shock stemming from the Strait of Hormuz shutdown. Agency warns of "biggest energy security crisis ever".

Euronews

World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEA

The world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The International Energy Agency warns this will reshape global investment, mirroring the 1970s oil shocks. While renewables and nuclear power see growth, natural gas and even coal are experiencing a resurgence…

The Economic Times

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Bangkok Post

Govt vows to boost standing with IEA

Paris: Thailand has pledged to deepen cooperation with the International Energy Agency (IEA) across all dimensions as part of efforts to strengthen energy security and address the global energy crisis.

International Business Times UK

China Expands Rare Earth Controls, Raising Fresh Concerns for EV and Chip Supply Chains

Explore how China's new regulations on rare earth minerals are impacting global supply chains and increasing costs for Western industries. Discover US and EU efforts to reduce reliance on China.

The Conversation

4 reasons the ‘largest energy crisis’ on record has been held at bay – and why there’s pain to come

The US-Israel war with Iran was predicted to cause the worst energy crisis in history, according to the International Energy Agency.

Salon

Donald Trump: Green energy's savior?

The president has unintentionally set off an international scramble for renewable energy due to his war in Iran

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Fortune

China dominates the minerals that power AI. But one company claims there's enough supply on the ocean floor to last for hundreds of years

Potato-sized mineral balls on the ocean floor may be an answer to easing the U.S.’s reliance on Chinese minerals.

Euronews

Oil stocks drain at record pace as IEA warns of renewed price swings

The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.

The Economic Times

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…

International Business Times

US Gas Prices Have Jumped 50% Since Beginning Of Iran War As Supply Shock Pushes Costs Higher

The International Energy Agency described the situation as one of the most severe disruptions to global oil markets in recent history.

Fortune

One economist’s ‘radical idea’ to solve the biggest energy crisis in history: a reverse OPEC

UMass Amherst economist Gregor Semieniuk says the U.S. is the most powerful country to make the idea work.

International Business Times UK

Fuel Costs Soar for Air France-KLM as Middle East Conflict Triggers Urgent $2.4 Billion Budget Warning

European airline group Air France-KLM has raised prices as fuel costs surge amid the Iran war, while warnings from the International Energy Agency highlight fears Europe could face jet fuel shortages within weeks.

International Business Times

Why The APR1400 Nuclear Reactor Is an Answer for American Energy

The International Energy Agency has projected that global data center electricity consumption will more than double by 2030, with the United States accounting for the largest share of that growth.

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