OPEC on Monday lowered its forecast for world oil demand growth in 2026 to 780,000 barrels per day, a copy ​of its monthly report showed, marking the third straight downward revision.

Crude oil's decline is driven by accelerating demand destruction, not supply shocks, as evidenced by five consecutive IEA ...

The International Energy Agency expects demand to rebound in 2027, but analysts question whether the Iran war could hasten a ...

OPEC is sticking to its view that the oil market will remain relatively tight through next year, with demand growth expected to continue outpacing non-OPEC+ supply additions despite months of ...

Oil production among OPEC members has fallen more than 30%, or 9.7 million bpd, since the Iran war started in late February. OPEC also lowered its demand growth forecast for 2026 to around 1.2 million ...

The Strait of Hormuz, just 29 nautical miles (54 km) wide at narrowest point is one of the world's most critical oil routes. The mounting disruptions in the waterway has shocked economies around the ...

Global oil stocks outside China are drawing down at nearly 1.7 million bpd -- and even China has started tapping its reserves, eroding the inventory buffer that has kept prices from spiking further.

Petroleum demand in China is set to peak in the middle of this decade at up to 15 million barrels per day, with natural gas set to play a key role in the coming years. Gain valuable insight into the ...

Oil prices eased as ceasefire talks advanced, but markets defused the Hormuz crisis first, rapidly shifting supply and demand and turning a feared shortage into a mini‑glut.

As the war has wound down and the US and Iran continue ongoing negotiations, ship traffic through the Strait of Hormuz has ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. The oil markets spent months worrying about supply disruptions in the Middle East. Instead, Brent ...

LONDON, May 13 (Reuters) - OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to ...