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Oil Market Report – May 2026
Background information The IEA's monthly Oil Market Report (OMR) is the exclusive source for official government statistics from all OECD countries, as well as selected non-OECD countries, together with both historical datasets and supply-and-demand forecasts for the year ahead.Featuring tables, graphs and statistics, the OMR provides all the data necessary to perform ad-hoc analysis and track oil market developments and to identify trends in production, consumption, refining, inventories in OECD countries and prices for both crude and products. The OMR is a subscription service, released around the middle of each month. Read the highlights…
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Oil Market Report – June 2026
Background information The IEA's monthly Oil Market Report (OMR) is the exclusive source for official government statistics from all OECD countries, as well as selected non-OECD countries, together with both historical datasets and supply-and-demand forecasts for the year ahead.Featuring tables, graphs and statistics, the OMR provides all the data necessary to perform ad-hoc analysis and track oil market developments and to identify trends in production, consumption, refining, inventories in OECD countries and prices for both crude and products. The OMR is a subscription service, released around the middle of each month. Read the highlights…
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Oil Market Report – July 2026
Background information The IEA's monthly Oil Market Report (OMR) is the exclusive source for official government statistics from all OECD countries, as well as selected non-OECD countries, together with both historical datasets and supply-and-demand forecasts for the year ahead.Featuring tables, graphs and statistics, the OMR provides all the data necessary to perform ad-hoc analysis and track oil market developments and to identify trends in production, consumption, refining, inventories in OECD countries and prices for both crude and products. The OMR is a subscription service, released around the middle of each month. Read the highlights…
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Oil Market Report – August 2026
Background information The IEA's monthly Oil Market Report (OMR) is the exclusive source for official government statistics from all OECD countries, as well as selected non-OECD countries, together with both historical datasets and supply-and-demand forecasts for the year ahead.Featuring tables, graphs and statistics, the OMR provides all the data necessary to perform ad-hoc analysis and track oil market developments and to identify trends in production, consumption, refining, inventories in OECD countries and prices for both crude and products.The Annual Statistical Supplement 2026 Edition will be published in conjunction with the August OMR. The…
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New podcast episode examines mounting disruptions in oil markets
…senior oil market analysts Rebecca Schulz and David Martin. They discuss the latest data, drawing from the IEA’s April Oil Market Report, and explore the real-world consequences for oil-consuming countries and industries – as well as how the situation has reshaped the IEA’s forecasts for supply and demand in the months ahead.The Everything Energy podcast offers perspectives on a wide range of leading global energy issues. In other recent episodes, IEA experts have discussed the Agency’s largest-ever emergency oil stock release, walked through 10 measures that could help shelter consumers from the effects of higher oil…
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The mounting disruptions in oil markets
…the war in the Middle East, shipping through the Strait of Hormuz – one of the world’s most critical energy chokepoints – has plunged, creating the largest disruption to oil supply in history. How is this shock rippling through oil markets? What are the real-world consequences for oil-consuming countries and industries? And how has it changed the IEA’s forecasts for supply and demand in the months ahead?
In this episode, senior oil market analysts Rebecca Schultz and David Martin discuss these questions and more, drawing on fresh data and analysis from the IEA’s April Oil Market Report. -
Oil exports through Strait of Hormuz rise
…www.iea.org/the-energy-mix.
Oil exports through the Strait of Hormuz rise – but significant risks remain
Oil prices have eased substantially in recent weeks on signs that fuel exports through the Strait of Hormuz have started to recover – underpinned by the interim agreement between the United States and Iran in mid-June seeking to reopen the Strait and to lay the foundations for a lasting peace.
A full recovery will nevertheless take time, according to our latest monthly Oil Market Report. https://www.iea.org/reports/oil-market-report-june-2026 Mines must be cleared from shipping lanes…
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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…
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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…
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Update on IEA collective action decision of 11 March 2026
…2011, and twice in 2022.The war in the Middle East is creating the largest supply disruption in the history of the global oil market. This emergency collective action, by far the largest ever, provides a significant and welcome buffer. But the most important factor in ensuring a return to stable flows is the resumption of regular transit of shipping through the Strait of Hormuz. Adequate insurance mechanisms and physical protection for shipping are key to the resumption of flows.For a more detailed assessment of the situation, the IEA’s latest monthly Oil Market Report, published on 12 March…