Middle East Conflict Disrupts Global Oil Market
The ongoing conflict in the Middle East, particularly involving Iran, has triggered a significant energy shock, leading to a projected decline in global oil demand growth and rising prices for oil, gasoline, and plastics. This geopolitical event is reshaping the global energy market and posing risks of an oil shock in various regions, including the US.
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Dow, Exxon and Rivals Are Raising Plastic Prices as Iran War Convulses Oil Market - Bloomberg.com
Dow, Exxon and Rivals Are Raising Plastic Prices as Iran War Convulses Oil Market Bloomberg.com
Read full article →The US is at risk of an oil shock too
In a global market for crude, Asian buyers are vacuuming up supplies, raising prices for Europe and America
Read full article →Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock
Global Oil Demand Growth Completely Wiped Out By Gulf Energy Shock The global demand destruction playbook we outlined last month, describing how the Gulf energy shock would spread across continents, is now materializing on a large scale. The International Energy Agency said in a Tuesday update that global oil demand will decline this year for the first time since 2020. "The Iran war has thoroughly upended the global outlook for oil consumption," the IEA wrote in its Oil Market R...
By Tyler Durden
Read full article →Global Oil Demand to Decline in 2026 as Middle East Supply Shock Reshapes Market
Global oil demand will decline in 2026 for the first time since 2020, as shortages and higher prices linked to war in the Middle East reshape energy markets, the International Energy Agency (IEA) said. The post Global Oil Demand to Decline in 2026 as Middle East Supply Shock Reshapes Market appeared first on Morocco World News.
By Firdaous Naim
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