IEA Slashes Oil Demand Growth Forecast For 2026

Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) said on Thursday as it cut its growth estimate from 930,000…

Shipping Giants Forge Ahead with Green Investments Despite Carbon Price Collapse

Despite a collapse of talks over a global carbon price in the shipping industry, most major players continue with their investments in emission-reducing fuels and vessels, according to Reuters analysis…

Global Exploration Signaling ‘Early Recovery’

Global exploration is signaling an “early recovery”, according to an Enverus Intelligence Research (EIR) statement sent to Rigzone by the Enverus team recently. The statement, which highlighted that Enverus was…

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…

EU Industry Chiefs Demand Lower Energy Prices

Hundreds of business executives from European companies have demanded that the European Union authorities take steps to lower energy prices, warning that failure to act would cause an investment outflow…

Europe Gets Rare LNG Cargo from China Amid Gas Crunch

A tanker carrying liquefied gas is sailing to Europe from China in a rare move that was last made four years ago. The Seapeak Glasgow loaded the liquefied gas at…