Topic
Oil Demand
9 stories related to this topic, newest first.
ndtv.comfinance3 days ago
Global Oil Demand Projected to Fall in 2026 for First Time Since 2020
The International Energy Agency forecasts a drop of about 1 million barrels per day amid higher prices and supply disruptions from the U.S.-Iran war. May demand fell 5.3 million barrels per day from a year earlier, led by a sharp contraction in China.
South China Morning Postworld7 days ago
China's Crude Oil Demand Expected to Peak This Year
Executives from the country's largest oil firm said demand will slow as electric vehicle use cuts transport fuel consumption. The shift follows disruptions in the Strait of Hormuz that moved the market into a supply deficit.
etftrends.comfinance27 days ago
IEA Cuts Global Oil Demand Forecast After Iran War Supply Shock
The International Energy Agency lowered its outlook for global oil demand due to reduced consumption linked to the Iran War. The agency said the war-induced supply shock led to the revision.
freepressjournal.infinance60 days ago
Oil Prices Rise $7 per Barrel This Week
Oil prices gained $7 per barrel this week. The increase occurred despite OPEC and IEA cutting their 2026 global oil demand forecasts. Tensions involving Iran and the Strait of Hormuz, along with limited outcomes from the Xi-Trump summit in Beijing, contributed to the price moveme…
GB Newsworld70 days ago
Global Airlines Cut 2 Million Seats as US Oil Demand Falls
Global airlines have reduced capacity by two million seats and canceled 12,000 flights in May due to jet fuel supply disruptions from the Iran conflict and Strait of Hormuz closure. Warnings highlight risks of critically low inventories in the UK, prompting emergency measures and…
MA
pakistantoday.com.pkworld84 days ago
Iran Conflict Reaches 50 Days, Removing 500 Million Barrels of Oil from Global Market
A war involving Iran has endured for 50 days, resulting in $50 billion in lost oil value. An estimated 500 million barrels of oil have failed to reach the market due to the conflict. The disruption is affecting South oil demand.
MA
Substrate placeholder — needs reviewfinance91 days ago
U.S. March PPI at 4.0% Year-Over-Year, Misses 4.7% Forecast; IEA Projects Oil Demand Contraction in 2026
The U.S. Producer Price Index for final demand increased 4.0% year-over-year in March, missing the consensus estimate of 4.7%. Month-over-month, it rose 0.5%, under the expected 1.1%. Separately, the International Energy Agency stated global oil demand will contract in 2026.
DE
LI
JA
Substrate placeholder — needs reviewworld95 days ago
Reuters Podcast Discusses Iran's Post-War Economic Challenges and Population Hardships
A Reuters World News podcast features analysis on Iran's potential economic struggles following an ongoing war. Correspondent Angus McDowall highlights risks to the population's well-being and uncertainties in global oil demand. The discussion focuses on recovery obstacles for Ir…
RE
Substrate placeholder — needs reviewfinance96 days ago
US Crude Futures Increase Following Previous Session's Largest Decline in Six Years
US crude futures rose on Wednesday after settling the prior session with the biggest one-day drop in six years. The previous decline was driven by a larger-than-expected build in US crude stockpiles. The increase occurred amid ongoing concerns about global oil demand and supply d…
RE