Oil

The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in its monthly oil market... 

While global growth is expected to slow to 2.4% for the year, down from the previously projected 2.9%, growth in sub-Saharan Africa is still expected to reach 4.1% this year and 3.8% in 2027,... 

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency (IEA) said in its monthly oil market report on... 

The closure of the Strait of Hormuz has forced policymakers in Asia to face questions over the security of other maritime chokepoints, including the Strait of Malacca, which is the world's busiest... 

The International Monetary Fund (IMF) has cut its 2026 growth projection for the South African economy to only 1% from a January projection of 1.4%, as it warned that the outbreak of war in the... 

 The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of... 

The International Monetary Fund, World Bank and International Energy Agency on Monday urged countries to avoid hoarding energy supplies and imposing export controls that could worsen what they... 

Global body UN Trade and Development (Unctad) says the “virtual closure” of the Strait of Hormuz, in the Middle East, is disrupting a critical share of global oil and gas flows, while trade is... 

The heads of the International Energy Agency (IEA), the International Monetary Fund (IMF) and the World Bank have announced in a joint statement that they will form a coordinated group to maximise... 

Oil prices above $100 a barrel would not trigger a meaningful production increase in the US unless they stay elevated for more than a quarter, shale executives said at the CERAWeek energy... 

Global oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued... 

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, executive director Fatih Birol said on... 

The International Energy Agency (IEA), which this month agreed a record release of oil from strategic stockpiles to deal with the effects of the US-Israeli war with Iran, outlined on Friday... 

After over two years of construction on its oil platform situated in Angola’s Block 0 – an abundant offshore reservoir in Angola responsible for 12% of the country’s daily energy output – oil... 

With 15-million barrels a day of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market, a process that could require prices to reach $150/bbl, new analysis by... 

Oil prices fell on Tuesday after hitting an over three-year high in the prior session as US President Donald Trump predicted the war in the Middle East could end soon, easing concerns about... 

Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies,... 

A temporary surge in oil prices to $100/bbl could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East... 

US forces continued a round-the-clock assault on Iran and Israel mounted a "broad wave" of strikes on Wednesday targeting Iranian missile sites and air defence systems in a campaign that a top...