OPEC production has fallen more than 30% since the Iran war began in late February, with Saudi Arabia pumping at its lowest level since 1990 ...

World oil demand will rise by 1.38 million barrels per day in 2026, the Organization of the Petroleum Exporting Countries ...

Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.

OPEC trims 2026 oil demand growth forecast but raises 2027 outlook, highlighting volatile markets and shifting expectations for global energy consumption ...

It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.

OPEC on Wednesday lowered its forecast for global oil demand growth in 2026, joining other forecasters such as the International Energy Agency in cutting expectations due to the Iran war.

Crude oil contracts were trading lower at midday Wednesday after OPEC slashed its expected oil demand growth for this year as the near-closure of the Strait of Hormuz forced major Mideast producers to ...

Forecasts cut sharply: OPEC now sees 2026 oil demand growth at 1.17 million bpd, down from 1.38 million, while the IEA ...

Crude oil futures fell Wednesday after OPEC lowered its oil demand growth expectations for this year, as the near-shutdown of the Strait of Hormuz forced Middle East producers to cut output. In its ...

The IEA said global oil inventories fell by 250 million barrels over March and April as supply losses mounted. Restricted tanker traffic through the Strait of Hormuz has shut in more than 14 million ...

TA Research is maintaining its "neutral" stance on the oil and gas sector, as rising global oil inventories and supply ...

Oil is rising because geopolitical risk is again adding a supply premium to the market, especially around Iran, the Strait of Hormuz, and shipping security. That’s what Naeem Aslam, CIO at Zaye ...