Market-moving news and intelligence across global energy markets.
The IEA has significantly cut its 2026 global oil demand outlook by 510,000 bpd, citing persistent Strait of Hormuz disruptions and elevated fuel prices.
Global oil prices eased as OPEC and IEA lowered 2026 demand forecasts, overshadowing persistent supply risks from the Strait of Hormuz and stalled US-Iran
The IEA significantly cut its 2026 global oil demand outlook, citing the prolonged Strait of Hormuz closure and elevated fuel prices, exacerbating supply r
The EIA has raised its 2026 oil price forecasts, projecting Brent crude to average $87/bbl, as Middle East geopolitical tensions severely constrain Strait
OPEC+ reversed 3.5M bpd cuts for September, but Gulf export risks and declining global demand keep oil markets volatile, prompting Saudi Aramco to cut OSPs
OPEC+ completed its 2023 production cut reversal, but geopolitical risks and constrained Gulf exports keep physical oil flows tight, driving market reprici
Geopolitical risks in the Strait of Hormuz and Bab el-Mandab, coupled with Russian export disruptions and European drought, drive global energy market vola
OPEC+ concludes its 2023 voluntary oil production cut rollback with a September output increase, signaling a stable supply outlook for global markets.
OPEC+ approved a 188,000 bpd oil production quota increase for September, completing voluntary cuts, but geopolitical disruptions limit real market impact.
Install Asian Oil
Add to your home screen for quick access to live market prices and daily briefings.
We use cookies to improve your experience, analyse site traffic, and personalise content. You can accept all, reject non-essential cookies, or customise your preferences. Read our Privacy Policy and Cookie Policy.
Strictly Necessary
Required for the site to function. Cannot be disabled.
Analytics
Google Analytics, Microsoft Clarity, and Hotjar to understand usage.
Functional
Theme preference, accessibility settings, and PWA install prompt.
