IEA cuts 2026 oil supply forecast, pushes full Gulf recovery to 2027
The IEA has cut its 2026 oil supply forecast and now expects full Gulf recovery only in 2027, even as…
Commodities News
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Vessel Struck in Strait of Hormuz as Saudi Pipeline Stays Shut
A vessel was struck by an unknown projectile in the Strait of Hormuz on Saturday, UKMTO said, sparking a fire…
Saudi pipeline outage threatens up to 4% of global oil supply
Saudi Arabia risks losing up to 4% of global oil supply after drone attacks forced it to shut its main…
US sanctions Omid Haji Ahmad over alleged Iranian oil smuggling through Iraq
The U.S. has added Omid Haji Ahmad to its sanctions lists over his alleged role in smuggling Iranian oil, according…
Banks raise Brent oil forecasts as Gulf shipping disruptions persist
Bank of America, Goldman Sachs, HSBC and Commerzbank have all raised their Brent crude forecasts as shipping disruptions in the…
