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The Latest Breaking News from the International Energy Agency

Oil Price Today (August 13): Crude oil dips below $90 despite Strait of Hormuz deadlock. Here’s why

The Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its monthly oil market report released on Wednesday. The International Energy Agency also lowered its outlook on Wednesday, saying it now expects oil consumption to contract by 1.6…

The Economic Times

Crude Prices Close Higher as IEA Forecasts Tightening Inventories in Q3

Crude Prices Close Higher as IEA Forecasts Tightening Inventories in Q3

September WTI crude oil (CLU26) on Wednesday closed up +0.07 (+0.08%), and September RBOB gasoline (RBU26) closed up +0.0171 (+0.55%). Crude oil and gasoline prices closed higher on Wednesday as the International Energy Agency (IEA) said in its monthly report that the global oil supply deficit will worsen, even as...

Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says

Global oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says

Global oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening the oil market deficit. This year's expected supply drop compares with earlier forecasts and is significant. The International Energy Agency expects a deficit of 1.8 million barrels daily over…

The Economic Times

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The IEA Had Already Reduced Its Oil Demand Forecast. It Has Done So Once More.

The International Energy Agency said global oil demand will drop by 1.6 million barrels a day this year, a significant increase compared to the previous figure.

International Business Times

‘Largest Supply Disruption In History’: High Oil Prices Drove Record EV Sales In 50 Countries

U.S. EV sales are down, but the rest of the world is picking up the slack to reduce its reliance on oil.

Mideast war supercharges electric car sales: IEA

Soaring fuel prices due to the Mideast war have supercharged sales of electric cars in the second quarter, the International Energy Agency said Thursday. "Despite a challenging backdrop for the global car market, sales of electric cars surged in the second quarter of this year as the energy crisis sparked…

The Economic Times

Nvidia’s Rivals Are Coming for Its Crown, But the Smartest AI Bet Sits Further Down the Tech Stack

Hyperscalers are building custom AI chips to cut their reliance on Nvidia. But whoever wins, every chip still runs through the same handful of companies, from Broadcom and TSMC down to ASML.

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Escalating Global Supply Risks Underpin Crude Oil Prices

Escalating Global Supply Risks Underpin Crude Oil Prices

September WTI crude oil (CLU26 ) on Wednesday closed up +2.49 (+2.95%), and September RBOB gasoline (RBU26 ) closed up +0.0186 (+0.58%). Crude oil and gasoline prices settled sharply higher on Wednesday, with crude posting a 6-week high and gasoline climbing to a 2-month high. Threats to global oil supplies...

Crude Oil Rallies as Global Supply Risks Intensify

Crude Oil Rallies as Global Supply Risks Intensify

September WTI crude oil (CLU26 ) today is up +2.37 (+2.81%), and September RBOB gasoline (RBU26 ) is up +0.0171 (+0.53%). Crude oil and gasoline prices are sharply higher today, with crude posting a 6-week high and gasoline posting a 2-month high. Threats to global oil supplies are boosting crude...

Threats to Global Crude Supplies Push Prices Higher

Threats to Global Crude Supplies Push Prices Higher

August WTI crude oil (CLQ26 ) on Tuesday closed up +1.68 (+2.02%), and August RBOB gasoline (RBQ26 ) closed up +0.0169 (+0.50%). Crude oil and gasoline prices settled higher on Tuesday, with crude climbing to a 5-week high. Threats to global oil supplies are boosting crude oil prices as the...

Crude Oil Prices Rally on Global Supply Risks

Crude Oil Prices Rally on Global Supply Risks

August WTI crude oil (CLQ26 ) today is up +1.75 (+2.10%), and August RBOB gasoline (RBQ26 ) is up +0.0017 (+0.05%). Crude oil and gasoline prices are pushing higher today, with crude climbing to a 5-week high. The threat to global oil supplies is boosting crude oil prices today as...

Crude Prices Gain on Escalation of US-Iran Hostilities

Crude Prices Gain on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +0.74 (+0.90%), and August RBOB gasoline (RBQ26 ) closed down -0.0037 (-0.11%). Crude oil and gasoline prices settled mixed on Monday, with crude oil rallying to a 5-week high amid the escalation of hostilities between the US and Iran, which...

Crude Prices Erase Early Gains on Possible US-Iran Truce Proposal

Crude Prices Erase Early Gains on Possible US-Iran Truce Proposal

August WTI crude oil (CLQ26 ) today is down -0.33 (-0.40%), and August RBOB gasoline (RBQ26 ) is down -0.0158 (-0.47%). Crude oil and gasoline prices gave up overnight gains and turned lower after Reuters reported that mediators had proposed a 10-day ceasefire between the US and Iran. Prices initially...

Escalation of US-Iran Hostilities Pushes Crude Oil Sharply Higher

Escalation of US-Iran Hostilities Pushes Crude Oil Sharply Higher

August WTI crude oil (CLQ26 ) on Friday closed up +3.54 (+4.48%), and August RBOB gasoline (RBQ26 ) closed up +0.1080 (+3.29%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 5-week high and gasoline posting a 2-month high. Crude prices surged on Friday amid heightened...

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Crude Oil Prices Soar as the US and Iran Escalate Attacks

August WTI crude oil (CLQ26 ) today is up +2.16 (+2.74%), and August RBOB gasoline (RBQ26 ) is up +0.1049 (+3.19%). Crude oil and gasoline prices are moving sharply higher today, with crude posting a 1-month high and gasoline posting a 7-week high. Crude is rallying today on heightened concerns...

Radio France Internationale

IEA report flags critical minerals risks as France steps up its strategy

The International Energy Agency has warned that investment in critical minerals fell in 2025 and supply chains grew more concentrated, posing fresh risks for France as it races to secure the raw materials needed for its industrial and energy transition.

Dollar Strength Sparks Long Liquidation in Crude Oil Futures

August WTI crude oil (CLQ26 ) on Thursday closed down -0.65 (-0.82%), and August RBOB gasoline (RBQ26 ) closed down -0.0162 (-0.49%). Crude oil and gasoline prices gave up early gains on Thursday and settled lower, as a stronger dollar sparked profit-taking and long liquidation. Crude prices are supported by...

Crude Oil Prices Weaken on Dollar Strength

August WTI crude oil (CLQ26 ) today is down -0.24 (-0.30%), and August RBOB gasoline (RBQ26 ) is down -0.0088 (-0.27%). Crude oil and gasoline prices are slightly lower today, weighed down by a stronger dollar. Crude prices are supported by heightened US-Iran tensions, which have reduced crude oil flows...

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China’s Rare Earth Curbs Could Trigger $6.5 Trillion Supply Shock for Industries From EVs to Weapons Systems, IEA Warns

China’s rare earth export controls could expose $6.5 trillion of production outside the country to supply shocks, the International Energy Agency warned on Thursday, highlighting how small volumes of strategic minerals can threaten large parts of the global economy.

Crude Oil Prices Move Higher on the Prospects of Tighter Global Supplies

August WTI crude oil (CLQ26 ) on Wednesday closed up +0.26 (+0.33%), and August RBOB gasoline (RBQ26 ) closed up +0.0736 (+2.28%). Crude oil and gasoline prices settled higher on Wednesday, with gasoline up sharply at a 7-week high. Crude prices found support after the US launched airstrikes against Iran...

Crude Oil Prices Erase Early Gains on a Bearish EIA Inventory Report

August WTI crude oil (CLQ26 ) today is down -0.54 (-0.68%), and August RBOB gasoline (RBQ26 ) is up +0.0206 (+0.64%). Crude oil and gasoline prices are mixed today. Crude prices gave up an early advance and turned lower today on a bearish weekly EIA inventory report. Crude prices initially...

Crude Oil Prices Rise as US-Iran Hostilities Continue

August WTI crude oil (CLQ26 ) on Tuesday closed up +1.20 (+1.54%), and August RBOB gasoline (RBQ26 ) closed up +0.0610 (+1.93%). Crude oil and gasoline prices added to Monday’s gains on Tuesday, with crude posting a 1-month high and gasoline posting a 1.5-month high. Crude prices are climbing as...

Crude Oil Prices Climb as US-Iran Truce Collapses

August WTI crude oil (CLQ26 ) today is up +0.81 (+1.04%), and August RBOB gasoline (RBQ26 ) is up +0.0466 (+1.47%). Crude oil and gasoline prices added to Monday’s gains today, with crude posting a 1-month high and gasoline posting a 1.5-month high. Crude prices are climbing as the truce...

Crude Oil Prices Sharply Higher on Escalation of US-Iran Hostilities

August WTI crude oil (CLQ26 ) on Monday closed up +6.73 (+9.42%), and August RBOB gasoline (RBQ26 ) closed up +0.1817 (+6.09%). Crude oil and gasoline prices surged on Monday, with crude posting a 3.5-week high and gasoline posting a 5-week high. Crude prices soared amid an escalation of US-Iran...

Crude Oil Prices Surge as US Reinstates Blockade of Iran

August WTI crude oil (CLQ26 ) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26 ) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after...

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