'Global Oil Demand Set for Sharpest Quarterly Drop Since COVID': International Energy Agency
14 Articles
14 Articles
IEA: Worst Oil Supply Disruptions Due to Middle East Crisis; Crude Oil Demand Expected to Decline This Year. The International Energy Agency (IEA) assessed that the worst supply disruptions in history occurred last month due to the Middle East war that broke out on February 28 and the blockade of the Strait of Hormuz. [Regarding] the April oil market report released by the IEA on the 14th (local time)
Oil demand to plunge as Mideast uncertainty persists, IEA warns
Demand for crude oil will likely decline this year for the first time since the Covid pandemic slammed the global economy six years ago, weighed down by Mideast war disruptions, the International Energy Agency (IEA) warned Tuesday.
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