May 13, 2026

IEA Forecasts Global Oil Supply to Plunge Below Demand in 2026

Doha: The International Energy Agency (IEA) has predicted a decline in global oil demand in 2026, averaging 104 million barrels per day, which is 1.3 million barrels per day lower than the pre-war forecast.

According to Qatar News Agency, the IEA a…

IEA Forecasts Global Oil Supply to Plunge Below Demand in 2026

Doha: The International Energy Agency (IEA) has predicted a decline in global oil demand in 2026, averaging 104 million barrels per day, which is 1.3 million barrels per day lower than the pre-war forecast.

According to Qatar News Agency, the IEA a…

Oil Prices Fall After Three Consecutive Sessions of Gains

Doha: Oil prices fell Wednesday after rising for three consecutive sessions, as investors awaited developments regarding the fragile ceasefire in the war with Iran. Brent crude futures fell 82 cents, or 0.76 percent, to $106.95 a barrel, while US West…

Oil Prices Fall After Three Consecutive Sessions of Gains

Doha: Oil prices fell Wednesday after rising for three consecutive sessions, as investors awaited developments regarding the fragile ceasefire in the war with Iran. Brent crude futures fell 82 cents, or 0.76 percent, to $106.95 a barrel, while US West…