Oil Prices Drop as Demand Forecasts Lowered Amid US-Iran Stalemate
Global oil prices fell as OPEC and IEA lowered 2026 demand forecasts amid US-Iran talks deadlock and Strait of Hormuz disruptions, keeping supply risks ele
Market-moving news and intelligence across global energy markets.
Global oil prices fell as OPEC and IEA lowered 2026 demand forecasts amid US-Iran talks deadlock and Strait of Hormuz disruptions, keeping supply risks ele
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
US marketed natural gas production is projected to reach a record 122.5 Bcf/d in 2026, fueled by Permian associated gas and Haynesville's Henry Hub-linked
Phillips 66, Kinder Morgan, and HF Sinclair approve the $5 billion Western Gateway Pipeline, enhancing refined product supply to the U.S. West Coast.
Ecopetrol has acquired a 51% controlling stake in Brazilian oil and gas firm Brava Energia for R$5.57 billion, marking a significant move in Latin American
Argentina's Vaca Muerta shale oil exports are set to surge with a new pipeline to an Atlantic port, targeting 550,000 bpd by 2028 and boosting energy trade
Nigeria's President Tinubu approves a new deepwater oil and gas investment framework, aiming to attract up to $50 billion and revive stalled offshore proje
Bangladesh has secured a 90% reduction in the LNG premium from Gunvor USA LLC for 14 cargoes, approving a total of 117 long-term supplies until 2038.
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