The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.

Global oil demand is set to decline this year for the first time since the 2020 pandemic, as a price spike driven by the Middle East conflict erodes consumption, the International Energy Agency (IEA) ...

Electric vehicle sales could hit nearly 30% of all car sales in the world this year as drivers accelerate a shift to EVs and hybrids amid spiking fuel prices in the wake of the Iran war, the ...

The oil market will move into a significant supply surplus in 2027 after recovering from ​the closure of the Strait of Hormuz, the International Energy Agency said in its monthly oil market report on ...

The IEA on Friday issued advice to consumers, businesses and industry to help stabilize energy prices. While policymakers continue to manage supply disruption due to the conflict in the Middle East, ...

The International Energy Agency (IEA) has warned that global oil markets could enter a "red zone" in July and August as rapidly depleting crude inventories coincide with the onset of peak summer fuel ...

The International Energy Agency on Tuesday projected that global oil demand will see its sharpest decline since the Covid-19 pandemic, as the largest disruption to global oil supplies stemming from ...

OPEC Secretary General Haitham al-Ghais pushed back on the International Energy Agency's prediction that there will be a supply glut in oil markets following the ending of the war between the U.S. and ...