Oil markets nearing ‘red zone’ as summer travel season nears, warns IEA chief ⊖
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a story from The Guardian ⚠️ › International
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a story from The Guardian ⚠️ › International
Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August
Oil markets will enter the “red zone” by July and August as stocks dwindle before the summer tra…
20 days ago
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IEA warns that mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record pace
Global oil stocks are being run down at a record pace as supply losses mount due t…
29 days ago
37 days ago
International Energy Agency analysis shows methane leaks remained at near-record highs in 2025
Methane emissions from the energy sector remained at near record levels in 2025, the International Energy…
44 days ago
46 days ago
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a story from The Guardian ⚠️ › International
Exclusive: International Energy Agency’s Fatih Birol, the world’s leading energy economist, also says UK should largely forgo North Sea expansion
The oil crisis triggered by the Iran war has changed t…