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Explodes as Grid Fails AgainChevron Strikes Oil and Gas Offshore Angola in Major DiscoveryRussia Receives First Gasoline Cargo From India as Fuel Shortages SpreadExxonMobil awards $1.1bn in contracts for Mozambique LNG projectWhat is the near-term feasibility of helium-3 fuel for fusion power?Singapore, China agree to nuclear cooperationFANCO advances engagement with regulator on HALEU plantDetritiation facility reopens at CulhamKaleidos microreactor begins journey to IdahoChina Added 200,000 Bpd to Crude Reserves in July Despite Hormuz CrisisJapan’s Oil Crisis Eases, But the Import Bill Keeps ClimbingIraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion AwayChina’s Renewables Boom Faces Record Clean Power CurtailmentsDiversifying helium: Can dedicated projects reshape global supply?Hormuz Tanker Traffic Slows to a TrickleIndia Lets Delayed Renewable Projects Pay to Keep Grid AccessIndian Oil Giant Secures U.S. License to Return to VenezuelaAsian Refiners Seek Alternative Pickup Point for Saudi Crude
Thu. Aug 20th, 2026
Trending News: Oyster Renewable Signs Binding Term Sheet With Kutch Chemical for 25.2 MW Wind-Solar Hybrid RTC Project in GujaratRERC Recognizes GST Hike As Change In Law For 600 MW Solar Project In RajasthanMERC Approves Rooftop Solar For 2.11 Lakh Low-Income Households In MaharashtraIEEFA Calls for Thailand Rooftop Solar Policy Reforms to Cut LNG Dependence and Electricity CostsKSERC Ratifies Nine KSEB Power Banking And Swap Arrangements In KeralaKerala Regulator Ratifies 103% Power Banking Deal With ChhattisgarhJSERC Approves Tata Steel’s 50 MW Solar Power Procurement From SECI In JharkhandEuropean Heatwaves Push Electricity Demand Up 28%; Solar Output Climbs 17% in France and Hungary, Ember FindsThe smarter E South America 2026: Accelerating Latin America’s Integrated Energy TransitionFAGMIL Invites Bids For 2.52 MW Solar Project Under PM-KUSUM In RajasthanFirst Solar Backs U.S. Section 232 Action on Polysilicon Imports to Strengthen Domestic Solar Supply ChainVoltalia Announces Proposed €120 Million IFC Investment to Support Solar and BESS ExpansionEurope’s Solar Manufacturing Capacity Set For Major Expansion To 88.2 GW By 2030 – ReportMahindra Susten Secures INR 875 Crore Financing For 150.80 MW Maharashtra Hybrid ProjectAvangrid Generates 13,891 GWh in H1 2026, Boosted by Solar Projects as U.S. Installed Capacity Surpasses 11 GWTrump Dangles Keystone XL Revival as Canada Tariff Deadline LoomsUAE Freezes Trade With Iran After Missiles Fall Near Its CoastRisks and opportunities in the CO2 marketVenezuela Signs Oil Deals With SLB and Hunt to Boost ProductionChinese Oil Tankers Turn Back as Hormuz Risks MountStrait of Hormuz Shipping Slows After Vessel AttackIndia Turns to Piped Gas as Iran War Drives Up LPG CostsMurban Crude Jumps to 4-Month HighIran War Set to Drive UK Energy Bills to 3-Year High3 Chinese Supertankers Abort Hormuz AttemptDover targets Indian cryogenics growth with Leistung acquisitionCompany profile: LanzaTechIndia Daily: GMIDC Plans 14.3 MW Solar-BESS, India Solar Crosses 165 GW, APERC Eases Rooftop Solar Rules, JVVNL Tenders 2 MW/4 MWh BESS, UERC Proposes 2026 DSM Rules and More…Suntech Powers Commercial Rooftop Solar Project In Malaysia’s Shah AlamPodcast | Industrial gases financials: headwinds, growth and what comes next?Indian Renewable Energy Stocks End Lower Amid Broad Market Sell-Off (19 August 2026)Gaza’s medical oxygen system could be close to collapseSri Lanka Clean Energy Week 2026 Set to Unite the Industry in Just 2 Days  Saudi Arabia’s Renewable Energy Investment Reaches SAR 36.11 Billion As Capacity Surges 88%Kino Aski LNG targets North America-Europe energy corridorSJVN Green Energy Invites Bids For 1,000 MW Solar Projects In Punjab And RajasthanSouth Africa Unveils Revised Electricity Pricing Policy To Cut Costs And Boost Market CompetitionJeff Currie: Forget $91 Brent, The Real Crisis Is $170 DieselAramco Puts VLCCs Back Into Hormuz After Three-Week PauseDistillate Stocks Sink Further as U.S. Crude Inventories Barely BudgeOil Prices Rise for Fourth Day as Hormuz Traffic SlowsUERC Proposes 2026 DSM Rules To Strengthen Grid Discipline And Financial Settlement In UttarakhandSkymax Infrapower Signs MoU With Odisha Government for INR 5,000 Crore Solar Manufacturing FacilityJVVNL Floats Tender For 2 MW/4 MWh Distributed BESS Pilot Project In RajasthanFinland inaugurates first bioLNG plantQuinbrook’s Supernode BESS Reaches Stage 2 Commercial Operation, Secures A$469 Million Stage 3 Financing With CATL as Storage SupplierVision 2030: If you’re not at the table, you’re on the menuVedanta Invests Over US$1 Billion in Net-Zero Transition, Targets 2.5 GW Renewable Capacity by 2030GoodWe Named S&P Global Energy Tier 1 PV Inverter Supplier for Second Consecutive YearTata Power-DDL Sees 93% Digital Bill Payments As Self-Service Adoption SurgesIESA Calls for BRICS Collaboration on Energy Storage, Critical Minerals and Local Manufacturing to Accelerate Clean Energy TransitionSolarvest Reports 19.8% YoY Rise in 1QFY27 Net Profit to RM19 Million, Backed by LSS5 and CGPP ProjectsImmersive environment to accelerate UK nuclear decommissioningRegulatory approval for expansion of Chernobyl waste facilityPassive safety module installed at Zhangzhou 4Urenco breaks ground for new enrichment capacityGulf-to-China Supertanker Rates Hit $510,000 a DayRomania Restarts Coal Plant as Danube Drought Forces Nuclear ShutdownChina’s Solar Exports Fell 21.4% in JulyUK researchers make MOF for capturing heavy metals from wastewaterUS semiconductor investment tops $820bn since 2020UK biogas plant gets green light for CO2 capture and liquefactionOutlook for electronic specialty gasesU.S.-Iran Tensions Push Oil Prices Higher as Diesel Margins Hit RecordsLibya Seeks Up to $40 Billion to Boost Oil Output to 2 Million BpdChina Boosts Fuel Exports as Domestic Stockpiles SwellBrent Tops $91 After Unidentified Projectile Hits Vessel Transiting HormuzHouthis Claim Third Attack on Saudi Aramco Refinery in Two WeeksPakistan’s Power Generation Costs Jump 38% on Record Spot LNG BuysTankers U-Turn at Hormuz as Iran Tightens Its Grip10 minutes with… Airgas and Air Liquide North America CEOsWill Oil Prices Keep Rising?UCLR completes first hot fire of cryogenic LOX engineAnalysis: The key role of LNG in the UK North Sea debateAnalysis: The key role of LNG in the UK North Sea debateIndia Daily: RRECL Launches RE Monitoring Tool, CSPDCL Seeks ₹2.98/kWh BESS Tariff, GERC Advances GNA Regulations, CleanMax Plans ₹400 Cr NCDs and More…Green Energy Stocks Face Selling Pressure As Indian Markets End Lower(18 August 2026)Linde and Monash University Malaysia partner on industrial decarbonisationEquinix Signs 50 MWp Solar PPA With Flo Energy To Boost Renewable Power In SingaporeGenesis Energy Secures Fast-Track Approval For 220 MWp Foxton Solar FarmSaudi Arabia’s PIF Surges Past $900 Billion Assets as 2025 Profit More Than DoublesUK CO2 supply resilience consultation closes this weekLibya Power Crisis Explodes as Grid Fails AgainChevron Strikes Oil and Gas Offshore Angola in Major DiscoveryRussia Receives First Gasoline Cargo From India as Fuel Shortages SpreadExxonMobil awards $1.1bn in contracts for Mozambique LNG projectWhat is the near-term feasibility of helium-3 fuel for fusion power?Singapore, China agree to nuclear cooperationFANCO advances engagement with regulator on HALEU plantDetritiation facility reopens at CulhamKaleidos microreactor begins journey to IdahoChina Added 200,000 Bpd to Crude Reserves in July Despite Hormuz CrisisJapan’s Oil Crisis Eases, But the Import Bill Keeps ClimbingIraq-Syria Oil Pipeline to Bypass Hormuz Is 4 Years and $15 Billion AwayChina’s Renewables Boom Faces Record Clean Power CurtailmentsDiversifying helium: Can dedicated projects reshape global supply?Hormuz Tanker Traffic Slows to a TrickleIndia Lets Delayed Renewable Projects Pay to Keep Grid AccessIndian Oil Giant Secures U.S. License to Return to VenezuelaAsian Refiners Seek Alternative Pickup Point for Saudi Crude
Thu. Aug 20th, 2026

Oil Prices Edge Lower as IEA Reduces Demand Forecast

Summary

  • Trump says talks with Tehran will continue
  • Large build in US crude stocks caps price gains
  • IEA lowers global oil demand forecast for 2026

(Reuters) – Oil prices slipped on Thursday as investors weighed the International Energy Agency’s lowering of its global oil demand forecast for 2026 against potential escalation of U.S.-Iran tensions.

Brent crude oil futures were down 19 cents, or 0.27%, at $69.21 a barrel by 1232 GMT. U.S. West Texas Intermediate crude fell 8 cents, or 0.12%, to $64.55.

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Global oil demand will rise more slowly than previously expected this year, the IEA said on Thursday while projecting a sizeable surplus despite outages that cut supply in January.

The Brent and WTI benchmarks reversed gains to turn negative after the IEA’s monthly report, having derived support earlier from concerns over the U.S.-Iran backdrop.

U.S. President Donald Trump said after talks with Israeli Prime Minister Benjamin Netanyahu on Wednesday that they had yet to reach a definitive agreement on how to move forward with Iran but that negotiations with Tehran would continue.

Trump had said on Tuesday that he was considering sending a second aircraft carrier to the Middle East if a deal is not reached with Iran. The date and venue of the next round of talks have yet to be announced.

A hefty build in U.S. crude inventories had capped the early price gains. U.S. crude inventories rose by 8.5 million barrels to 428.8 million barrels last week, the Energy Information Administration said, far exceeding the 793,000 increase expected by analysts in a Reuters poll.

U.S. refinery utilisation rates dropped by 1.1 percentage points in the week to 89.4%, EIA data showed.

On the supply side, Russia’s seaborne oil products exports in January rose by 0.7% from December to 9.12 million metric tons on high fuel output and a seasonal drop in domestic demand, data from industry sources and Reuters calculations showed.

Reporting by Enes Tunagur in London Additional reporting by Sam Li and Lewis Jackson in Beijing Editing by David Goodman

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