-
A deepening crisis in oil markets and beyond
…provided an additional buffer to markets. Even so, observed global inventories, including oil on water, were drawn down by 250 million barrels over March and April, or by 4 million barrels per day.
Against this backdrop, global oil demand is now forecast to contract by 420,000 barrels per day in 2026. This is 1.3 million barrels per day below our pre-conflict forecast for global demand. For now, the steepest losses are concentrated in the petrochemical sector, where feedstock availability is becoming increasingly constrained. Aviation activity is also running well below normal levels. The report sees higher prices…
-
How the Middle East war has upended oil markets
…global oil demand will contract by 80,000 barrels per day this year. This contrasts with our earlier forecast, before the outbreak of hostilities, that global demand would grow by 850,000.
The report emphasises that, while the situation continues to evolve quickly, the resumption of regular flows through the Strait of Hormuz remains the single most important variable in easing the pressure on energy supplies, prices and the global economy. Even once the Strait reopens, it will take time for flows to normalise.
For more in-depth analysis of the situation in oil markets, read the full report https…
-
The Strait of Hormuz and global LNG supply
How the Middle East conflict is impacting natural gas markets worldwide
An International Energy Agency Newsletter
Click here [Weblink] to view in your browser
Welcome back to Energy Snapshot, the International Energy Agency’s monthly newsletter focused on charts and data. In today’s edition, we look at how the Middle East conflict is affecting global LNG markets.
Were you forwarded this email? You can subscribe here. https://www.iea.org/energy-snapshot
The impacts of the Middle East conflict on oil markets https://www.iea.org/reports/oil-market-report-march-2026 have been in focus over the past week…
-
The energy implications of events in the Middle East
…The disruption to oil flows through the Strait has forced some operators to start shutting in production. The region’s output of refined products has also been impacted.
Natural gas markets, meanwhile, have gradually rebalanced https://www.iea.org/reports/gas-market-report-q1-2026 in recent years following the major shock that followed Russia’s invasion of Ukraine in February 2022. A wave of new LNG capacity https://www.iea.org/data-and-statistics/data-tools/global-lng-capacity-tracker between now and the end of this decade is expected to transform market dynamics. But markets remained tight in…
-
A major summit on clean cooking in Africa
Plus, the outlook for coal; diverging trends in oil markets; powering Ireland's energy future; strengthening collaboration with India's energy leaders; new podcast episodes; and more ...
Newsletter of the International Energy Agency
Click here [Weblink] to view in your browser
Welcome back to the Energy Mix and best wishes for 2026. In today's edition: The Kenyan, Norwegian and US governments will co-host our 2nd Summit on Clean Cooking in Africa; the latest outlook for coal; the diverging oil market trends; powering Ireland's energy future; strengthening collaboration with India's energy leaders; new podcast episodes on electricity access…
-
Supporting countries in the unfolding energy crisis
… our new Energy Technology Perspectives 2026 report; take our global energy employment survey; and more.
Were you forwarded this newsletter? You can subscribe here https://www.iea.org/the-energy-mix.
Working with leaders in Australia, Japan and beyond to navigate the unfolding energy crisis
The IEA working actively with governments around the world on the response to the widespread energy impacts of the conflict in the Middle East https://www.iea.org/topics/the-middle-east-and-global-energy-markets.
The war in the region that began on 28 February has reduced energy trade flows through the Strait of…
-
How the crisis is reshaping energy investment
…2 trillion is set to be invested in oil, natural gas and coal.
Despite higher oil prices, oil investment is expected to decline for a third consecutive year in 2026. The report finds that uncertainty over the duration of the price spike, long project lead times, supply chain constraints and tighter offshore rig markets are limiting near-term spending responses outside the Middle East. At the same time, natural gas investment is projected to rise to the highest level in a decade, supported by a wave of new LNG export projects.
The report finds growing interest among fuel-importing countries…
-
IEA responding to major global energy security threat
…www.iea.org/topics/the-middle-east-and-global-energy-markets. The disruptions to oil and gas flows and to energy infrastructure in the region have major implications for energy security and affordability – and for the world economy.
The war in the region that began on 28 February has shrunk energy trade flows through the Strait of Hormuz to a trickle, creating what our Executive Director Fatih Birol has described as “the greatest threat to global energy security in history”, with a larger loss of oil supply than in the oil crises of the 1970s and a larger loss of…
-
7 certainties about energy for this age of uncertainty
…for 2026. In today's edition: The 7 key energy trends that decision-markers need to keep in focus; highlighting the multiplication of energy security risks to leaders at the World Economic Forum in Davos; IEA to host the Mission Innovation Secretariat at our HQ; the world’s oil supply enters 2026 with a large surplus; how the global LNG wave is set to affect natural gas markets this year; our Executive Director meets with the King and Prime Minister of Sweden; how to meet India's fast-growing demand for electricity; investment in next-generation geothermal is surging; new…
-
Growth of IEA Family is milestone for global energy governance
…critical minerals, Ukraine & more; our 3rd Energy Innovation Forum; the latest on oil markets; the rapid rise of batteries; and more ...
Newsletter of the International Energy Agency
Click here [Weblink] to view in your browser
Welcome back to the Energy Mix. In today's edition: Highlights from our Ministerial Meeting in Paris, including closer institutional ties with Brazil, Colombia, India and Viet Nam and an expanded mandate on critical minerals security; insight from our 3rd Energy Innovation Forum; the latest trends in global oil markets; new data on the rapid rise of batteries; and more.
Were you forwarded this newsletter? You…