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- Indexed articles, last 90 days
- 7
- Latest publication
- Aug 12, 2026
- Outlet visibility, for Argusmedia
- Top 1M sites
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- Jul 5, 2026
Latest articles
IEA sees greater oil demand fall in 2026 | Latest Market News (opens the original)
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The IEA has downgraded its outlook for global oil demand this year, citing persistent disruptions to exports through the strait of Hormuz and elevated fuel prices. In its latest Oil Market Report (OMR), published on Wednesday, the IEA said 2026 demand will decline by 1.56mn b/d, around 510,000 b/d more than it forecast in its previous OMR, to 103.29mn b/d. It said demand contracted by 4.9mn b/d on the year in the second quarter, and said this would ease to 2.8mn b/d in the current quarter before
Saudi Arabia, Turkey and Pakistan sign defence pact | Latest Market News (opens the original)
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Saudi Arabia, Turkey and Pakistan signed a joint defence pact in Mecca today. The agreement aims to "strengthen collective defence" and "stipulates that any armed attack against any one of the three states shall be regarded as an attack against them all", according to a joint statement. The deal follows a period of heightened instability in the Middle East centred around the US-Iran war. Saudi territory, including its oil and gas assets, has been repeatedly attacked by Iran and Iran-backed group
Shamaran's Iraqi Kurdistan production remains offline | Latest Market News (opens the original)
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Canadian upstream independent Shamaran Petroleum said its oil fields in northern Iraq remain offline because of insecurity linked to the US-Iran war. The Atrush and Sarsang fields, in the semiautonomous Kurdistan region, were shut by Shamaran and US-based operator HKN Energy on 20 July. The fields had restarted in June when security briefly improved. Gross production at the fields was 1,900 b/d in the second quarter, down from 63,800 b/d a year earlier. Shamaran's share was 700 b/d. Iraqi Kurdis
Aramco profit up, export capacity unmoved: Update | Latest Market News (opens the original)
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State-controlled Saudi Aramco posted robust second quarter results today, as higher oil prices offset most of the impact of output losses resulting from the US-Iran war. The firm said attempts by Yemen's Houthi rebels to disrupt shipping in the Red Sea have not affected its export capacity. Aramco reported an adjusted net income of $33.39bn in the second quarter, up by $8.2bn on the same period last year and down by $411mn on the first quarter, and exceeding the $31.59bn median of analysts' fore
Opec downgrades 2026 oil demand forecast | Latest Market News (opens the original)
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Opec has downgraded its 2026 global oil demand forecast for a third month in a row, while raising its projection for next year. In its latest Monthly Oil Market Report (MOMR), the group revised down its oil demand projection for this year by 190,000 b/d to 780,000 b/d, which would leave total consumption at 105.94mn b/d. Opec did not give a clear reason for the downgrade. But it follows several months of global economic instability, spurred by the US-Iran war. The downgrades to demand were mainl
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