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Keywords: IEA
Russia’s oil refining industry is facing growing pressure as Ukrainian drone attacks and Western sanctions increasingly complicate the operation, maintenance and repair of refineries, according to the International Energy Agency (IEA). In its latest monthly assessment, the Paris-based agency lowered......
The International Energy Agency (IEA) expects global oil supply to fall significantly in 2026, reflecting the continuing impact of disruptions around the Strait of Hormuz and difficulties affecting crude exports from the Gulf region. According to the agency's latest monthly oil market report, global......
The International Energy Agency (IEA) has reported that its member countries have released approximately 290 million barrels of oil from strategic reserves as part of an emergency response aimed at easing pressure on global energy markets. The move comes amid heightened geopolitical uncertainty and......
Global investment in critical minerals declined in 2026 despite growing concerns over energy security and the need to diversify supply chains, according to the latest report from the International Energy Agency (IEA). The agency reported that worldwide spending on mining and mineral refining dropped......
Global oil markets are entering a new phase in which the focus is shifting from short-term price movements to long-term energy security and inventory rebuilding. Although recent geopolitical developments have eased crude prices, analysts warn that depleted global oil stocks could take years to fully......
Two months into the largest oil supply disruption on record, the global energy crisis escalates as U.S.-Israel-Iran war effects deepen. Crude prices hold above $100 per barrel while strategic reserves deplete fast. Governments brace for forced demand rationing as fuel stocks melt away. The International......
The head of the International Energy Agency has warned that the disruption in the Strait of Hormuz may trigger lasting changes in global energy markets, even if the passage reopens. Executive director Fatih Birol said the era of heavy dependence on a single maritime chokepoint is nearing its end, adding......
Fatih Birol said the conflict involving Iran and a coalition led by the United States and Israel has created the most severe global energy crisis on record, surpassing both the oil shocks of the 1970s and disruptions linked to the war in Ukraine. Speaking publicly on Tuesday, he said the combined impact......
The Trump administration announced Thursday a solicitation for loans of up to 30 million barrels of light crude from the Strategic Petroleum Reserve. This marks the third such exchange since the US tapped emergency stocks last month to counter supply disruptions from Iran's Strait of Hormuz blockade. Bids......