There are indeed supply risks for Iranian oil, given the ongoing Israeli strikes on Iran. Therefore, we have revised our oil forecasts for the remainder of the year.

The Paris-based agency expects oil supply to grow by 2.1 million barrels a day this year and 1.3 million the next, above earlier estimates of 1.8 million and 1.1 million barrels a day, respectively.

Global oil demand is forecast to rise by 2.5 million bpd from 2024 to 2030, reaching a plateau around 105.5 million bpd by the end of the decade, per the agency’s latest estimates.

The International Energy Agency says that in 2025, the world will produce more oil than it needs, even as the Israel-Iran conflict raises the risk of supply disruptions. It forecasts a 1.8 million ...

Oil prices could surge to $120 per barrel if the Israel-Iran conflict disrupts supply through the Strait of Hormuz, where almost a third of global seaborne oil trade flows daily.

Crude futures jumped about $5 a barrel on Friday after Israel launched airstrikes against Iran without U.S. support. The attack has sparked concerns over the supply outlook from the oil-rich ...

PAPER BARRELS Saudi oil output is set to rise to above 9.5 million bpd in July, leaving the kingdom with the ability to raise output by another 2.5 million bpd if it decides to.

The bank continues to forecast "that strong supply growth outside U.S. shale will reduce Brent and WTI oil prices to $59/55 in 2025Q4 and $56/52 in 2026." ...

The loss of Iranian oil to the market could raise prices by up to $7.50 per barrel, but if oil exports through the Strait of Hormuz are affected, prices could climb to $100, according to Lipow.

Oil prices have fluctuated due to concerns about potential supply disruptions in the Middle East following recent Israeli strikes on Iran, but no actual supply cuts have occurred. The Strait of ...

Oil prices fell sharply Tuesday, returning to levels last seen before the Iran-Israel conflict, as investors cheered news of a ceasefire, albeit fragile, between the two countries.

Oil traders viewed Israel's attack as the most significant geopolitical event since Russia launched its full-scale invasion of Ukraine, with crude prices posting their strongest gains since March ...