IEA Archives - Oil & Gas 360

Clean energy investment hits $2.2 trillion, nearly double fossil fuels

June 18, 2026

(Oil Price) – Despite historic political headwinds against the global decarbonization effort, clean energy spending continues to see a meteoric rise around the world. The International Energy Agency’s World Energy Investment 2026, published in May of this year, projects that of the $3.4 trillion dollars that the world will spend on energy investments this year, $2.2 trillion will go to clean

IEA sees significant 2027 oil surplus after Hormuz recovery

June 17, 2026

(BOE Report) – 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 Wednesday. The U.S. has announced an interim agreement to end the Iran war, which includes Iran reopening the strait and the U.S. lifting

OPEC again lowers 2026 global oil demand growth forecast

June 11, 2026

(Reuters) – OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 970,000 barrels per day, the producer group said in its monthly report, marking the second straight downward revision. The group continues to see a smaller impact on consumption since the Iran war started than other forecasters such as the U.S. Energy Information Administration and

IEA sees possibility of critically low stockpiles ahead of peak summer demand

June 2, 2026

(BOE Report) – Global oil inventories could hit critical levels ahead of the peak summer demand period if stock draws continue at their current pace, the head of the International Energy Agency’s oil industry and markets division said on Tuesday. “We’re seeing stock draws continuing into the summer, and with the possibility or the likelihood that we reach critical levels

IEA chief warns commercial oil inventories are depleting rapidly, only weeks left

May 19, 2026

(BOE Report) – Fatih Birol, head of the International Energy Agency, said on Monday that commercial oil inventories were depleting rapidly with only a few weeks worth left due to the Iran war and the closure of the Strait of Hormuz to shipping. Birol, who is participating in the Group of Seven finance leaders meeting in Paris, told reporters that

IEA chief warns commercial oil inventories are depleting rapidly, only weeks left

May 18, 2026

Rising jet fuel and ticket prices could disrupt summer air travel

May 13, 2026

(Oil Price) – Summer travel could be disrupted for millions of airline passengers as airlines pass on higher jet fuel prices onto air fares and cancel unprofitable routes, according to the global association Airports Council International. The surge in jet fuel prices as a result of the Middle East crisis leads to higher air fares. Passengers should be prepared

IEA revises 2026 forecast: Oil deficit widens as Iran war cuts production

May 13, 2026

(Oil Price) – Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus. According to the May 2026 Oil Market Report by the International Energy Agency (IEA), global oil supply is projected to fall by 3.9 million bpd across 2026, with ~10.5 million bpd of Gulf

Iran war threatens long-term confidence in Hormuz oil flows, IEA says

May 11, 2026

(World Oil) – The reputation of the Strait of Hormuz as a reliable artery for global energy trade may be permanently damaged by its prolonged closure, International Energy Agency Executive Director Fatih Birol said. Even if movement is restored, “the vase has been broken. You can’t glue it back together,” Birol said, warning that the disruption has undermined confidence in what

IEA: Tight gas markets will last through 2030

May 7, 2026

(Oil Price) – The war in Iran and the subsequent loss of LNG supply from the Middle East are altering the medium-term outlook of global natural gas balances, with tighter markets set to last longer than previously expected, a senior official at the International Energy Agency (IEA) said on Thursday. The Middle East crisis has resulted, so far, in the loss

Data centers drove half of U.S. power demand growth in 2025, IEA says

April 20, 2026

(Oil Price) – The world’s electricity demand rose by 3% in 2025, with growth nearly triple compared to the 1.3% increase in total energy consumption, as data centers and electric vehicles continued to push power use higher, the International Energy Agency (IEA) said on Monday. Overall global energy demand growth slowed to 1.3% in 2025, slightly below the previous decade’s average

IEA chief says Iran war will redraw global energy map

April 14, 2026

(Investing) – The Iran conflict will fundamentally reshape global energy trade, International Energy Agency Executive Director Fatih Birol said Tuesday, as nations reassess their energy partnerships amid heightened tensions. Speaking at Semafor World Economy, Birol said the world will not return to previous energy arrangements after the Strait of Hormuz reopens, following a US blockade of Iranian ports this week. The

Premium Content