IEA Raises 2026 Oil Demand-Drop Forecast to 1.6 Million Barrels a Day on Hormuz Disruption
The International Energy Agency now expects global oil demand to fall by 1.6 million barrels a day in 2026, well…
Commodities News
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Brent Crude Tops $89 as U.S. and Iran Clash Over Hormuz Control
Brent crude climbed above $89 a barrel on Wednesday as Iran and the United States traded contrasting claims over who…
Gold Rises to $4,415.51 as XAU/USD Tests Breakout Toward $4,855
Gold climbed 1.08% to $4,415.51 on Wednesday, its highest level in more than two months, as XAU/USD pushes into a…
European natural gas prices climb as storage hits historic August low
European natural gas prices extended gains on Wednesday as EU storage levels sank to their lowest point on record for…
IEA cuts 2026 oil supply forecast as ADNOC offers to shuttle Iraqi crude through Hormuz
The International Energy Agency cut its 2026 oil supply forecast again, projecting a drop of 4.3 million barrels per day…
