IEA: Lower Demand Changes Everything For Oil Markets ...Middle East

OILPRICE - Economy
IEA: Lower Demand Changes Everything For Oil Markets
source : OILPRICE ( Middle East ) () 16
Two months ago, the International Energy Agency sounded an alarm about global crude oil supply, predicting that Western sanctions on Russia would remove as much as 3 million barrels daily from the global oil market. Now, it has changed its mind. In its latest Monthly Oil Market Report, the IEA said that slowing demand growth and rising production from other major oil economies will help weather the effect of the sanctions. In other words, it no longer expects that the market will swing into a deficit. "Russia shut in nearly 1 mb/d in April, driving…

Hence then, the article about iea lower demand changes everything for oil markets was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( IEA: Lower Demand Changes Everything For Oil Markets )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
Pick-up in house price growth in March ‘could be the calm before the storm’
INDEPENDENT - before 10 hours & 34 minute
BTQ Technologies Appoints Dr. Ro Cammarota to Accelerate QCIM Product Development, Commercialization, and Global Partnerships
PR Newswire - before 6 hours & 17 minute
Gas hits $4 a gallon for the first time in nearly four years
Washington Post - before 10 hours & 5 minute
NetDragon Upgraded to "A" by MSCI ESG Rating
PR Newswire - before 10 hours & 58 minute
Natural Cycles integration unlocks FDA-cleared birth control app for users with select Garmin smartwatches
PR Newswire - before 6 hours & 48 minute
Mending Launches Mending Access, Bringing Integrated Direct Primary Care to TPAs and Self-Funded Employers Nationwide
PR Newswire - before 6 hours & 31 minute
RDW : Les Pays-Bas introduiront un péage pour les camions le 1er juillet 2026
PR Newswire - before 9 hours & 8 minute
Chevron Reports “Extensive Damage” at Major LNG Project
OILPRICE - before 9 hours & 54 minute
As aggression against Iran continues, global banks turn to Chinese stocks
SABA NET - before 5 hours & 23 minute
South Africa: Minister Enoch Godongwana Cuts Fuel Tax By R3
allafrica - before 4 hours & 37 minute
Petroleum min, United Energy Group discuss plans to boost production in Western Desert
EGYPT INDEPENDENT - before 6 hours & 49 minute
RDW: The Netherlands introduces truck toll on 1 July 2026
PR Newswire - before 9 hours & 40 minute


Latest News

TEDCO Announces Dynamic Lunch Keynote Fireside Discussion at 2026 Entrepreneur Expo

before hour & 8 minute

SmartRecruiters invests $1 million in second chances for justice-impacted individuals with Defy Ventures

before hour & 45 minute

How the Strait of Hormuz Crisis Could Trigger a Global Fertilizer Shock

before hour & 47 minute

PK1Cloud a division of Perr&Knight and Pythia Announce Strategic Partnership to Deliver AI-Powered Intelligence to the P&C Insurance Market

before 2 hours & 2 minute

Oil Prices Post Biggest Monthly Surge in History

before 2 hours & 5 minute

Global Ban on Digital Duties Expires After Stalled Talks at W.T.O.

before 2 hours & 21 minute

OSL Group Announces 2025 Annual Results: Record-High Revenue with Strategic Transformation to a Global Stablecoin Payment and Trading Platform

before 2 hours & 33 minute

Jotform Launches in ChatGPT App Marketplace for AI-Powered Form Creation and Insights

before 3 hours & 8 minute

Brent Hits $118 as Hormuz Shock Blows Out Spread With WTI

before 3 hours & 9 minute

These car brands could suffer the most with soaring gas prices

before 3 hours & 30 minute

The best regular savings accounts earning you up to 7% in interest

before 4 hours & 6 minute

U.S. Extends Deadline for Lukoil's Foreign Asset Sales to May 1

before 4 hours & 17 minute

South Africa: Minister Enoch Godongwana Cuts Fuel Tax By R3

before 4 hours & 37 minute

N3on Joins Ch@mobile as Brand Ambassador

before 4 hours & 53 minute

We’re financial experts. Here’s three simple ways to beat rising water bills

before 5 hours & minute