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…
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Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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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…
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…
Oil climbs near $90 as Hormuz Strait attacks harden Iran standoff
Brent crude is hovering just under $90 a barrel after separate attacks hit ships in the Strait of Hormuz and…
Houthi Attack Kills Six in Red Sea as U.S. Navy Strikes Ship Near Iranian Blockade
Iran-backed Houthi rebels killed six people aboard a cargo ship in the Bab el-Mandeb Strait on Tuesday, the first Red…
