IEA OMR: sees world oil demand falling by 80k in 2026 due to Iran (prev. forecast for a 640k BPD rise); sees world oil supply falling by 1.5mln BPD in 2026 (prev. forecast for 1.1mln BPD rise)
Every headline is on the live feed 20 minutes before this site.
[MARKET ANALYSIS] Greenback knocked amid hopes of US and Iran returning to negotiations
Next round of talks between US and Iran could take place this week or early next week, according to the Iranian embassy official in Pakistan
IEA OMR: sees world oil demand falling by 80k in 2026 due to Iran (prev. forecast for a 640k BPD rise); sees world oil supply falling by 1.5mln BPD in 2026 (prev. forecast for 1.1mln BPD rise)
[ANALYSIS] Iran War Day 46: Fresh talks eyed as blockade takes hold
[CALENDAR ADDITION] Fed's Goolsbee to speak to AP News at 14:45BST/09:45EDT and Yahoo Finance at 15:15BST/10:15EDT
On the Newsquawk feed at , 20 minutes before this page.
SUPPLY/DEMAND
- IEA sees global oil supply exceeding demand by 410k BPD in 2026, (prev. 2.46mln BPD)
MIDDLE EAST
- IEA says crude, fuel, and NGL flows through Strait of Hormuz at 3.8mln BPD in early April (vs more than 20mln BPD pre-war)
- Resuming flows through the Strait of Hormuz is the single most important variable for easing pressure on energy supplies and prices
RUSSIA
- Russia may struggle to produce oil above levels seen in early Q1 due to attacks on ports
- Russia’s March crude production up to 8.96mln BPD from 8.67 mln BPD in February
- Russia’s March crude exports up by 270k BPD from February to 4.6mln BPD
Context
The IEA's latest outlook indicates a significant shift in global oil dynamics, projecting a drop in demand and an even sharper decline in supply for 2026 compared to prior forecasts. This revised demand outlook, especially influenced by Iran, coupled with reduced supply estimates, suggests tightening market conditions, which could ultimately impact oil prices, particularly through critical transit routes like the Strait of Hormuz.
Related headlines
- US lawmakers introduce bill to block US President Trump’s Russia diesel deal1 day ago
- CRUDE WRAP: WTI (X6) SETTLES USD 3.44 HIGHER AT USD 101.41/BBL; BRENT (Z6) SETTLES USD 3.94 HIGHER AT USD 109.86/BBL1 day ago
- Russia’s Ryazan oil refinery has halted operations of one of its primary units since October 15th drone attack, according to reports, citing sources1 day ago
- Russian President Envoy Dmitriev says Russia and the US discussed in the Arctic and LNG1 day ago
- Russia has reportedly doubled its attacks on Naftogaz facilities in 2026, sources say; Ukraine's 2026 gas consumption is seen falling by 1BCM after Russian strikes on business infrastructure2 days ago
- Russian Deputy PM Novak says that he sees no obstacles to direct diesel shipments from Russia to the US, adding that restrictions have been lifted, TASS reports2 days ago
- South Korea is reportedly to extend oil fuel price cap for another four weeks2 days ago
- Russia and Iran is reportedly discussing gas pipeline route and pricing2 days ago
- Japanese Chief Cabinet Secretary Kihara says Japan expects October crude procurement to be at the same level as last year2 days ago
- Two rockets were launched from the city of Tabriz in western Iran, Sabreen reports; Two missiles fired from Iran towards the Strait of Hormuz1 day ago
- Iran Foreign Ministry Spokesperson says Iran is ready to help peacefully resolve issues between Saudi Arabia and Yemen; has always been ready to use best efforts to help resolve the conflict1 day ago
- [MARKET UPDATE] Crude benchmarks lift to session highs, gains of c. USD 2.00/bbl for WTI and Brent, to the continued detriment of fixed income, stocks and FX vs the USD1 day ago
- Fire has been reported in another violating tanker in the Sea of Oman, Mehr News reports2 days ago
- Irib reports that the East-West oil pipeline of Saudi Arabia has been targeted once again; adds, detection of a new thermal anomaly in the Yanbu area, near the oil pipeline1 day ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
- US FX WRAP: Dollar weighed by Warsh avoiding forward guidance 1 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- Indian shipping official says a crude oil tanker was targeted by a missile in the Strait of Hormuz; official also notes the Romania incident on October 14th1 day ago
- Iran's Deputy Foreign Minister says that Saudi Arabia is yet to respond to the Iran response on mediation efforts relating to Yemen1 day ago
- US President Trump says US economy has never been stronger; regarding oil drilling in Texas, nobody can take a chance on it1 day ago
The feed had this first.
Use the Platform