The International Energy Agency (IEA) predicts a drop in global oil consumption this year. This would be the first decline in this sector since the Covid-19 pandemic.
According to the agency, for the rest of 2026 global oil consumption will be reduced due to what is happening in the Middle East,…
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IEA raises global oil supply growth
The International Energy Agency's forecasts for global oil supply at the end of 2025 and for 2026 were raised to 3.1 million and 2.5 million barrels per day, respectively.
This is reflected in the IEA's recent report on this market,…
Brazil formalizes its application for IEA membership
Brazil has formalized its application to become a member of the International Energy Agency (IEA), an organization that "brings together the major energy consumers of the developed world," the OECD-affiliated body announced.
According to…
IEA forecasts increase in global oil production, led by three Latin American countries
The International Energy Agency (IEA) estimates that oil demand will continue to rise. In this context, production is expected to continue at this upward pace, reaching 5.8 million barrels per day, with a quarter coming from Argentina,…
Oil supply to be assured this year
According to the International Energy Agency (IEA) oil supply forecasts for 2025, the figures will be favorable.
Despite the impact on the sector of low demand from China, the agency “increased its forecast for growth in global oil demand…