Market

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…

US Crude Oil, Gasoline Inventories Fall Last Week

Doha: The US Energy Information Administration: The US Energy Information Administration said that US crude oil and gasoline inventories declined last week, while distillate stockpiles increased.

According to Qatar News Agency, the agency reported t…

European Stocks Open Higher as Oil Prices Surge

Doha: European stock markets opened trading higher on Wednesday: supported by oil prices rising above the USD 100-a-barrel level, continued inflationary pressures, and the political stalemate in West Asia.

According to Qatar News Agency, among the m…