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• IEA Warns of Historic Oil Demand Contraction Following Strait of Hormuz Closure and Global Supply Shock

  Published: Apr 15, 2026

  Section: Africa

  The International Energy Agency has issued a stark warning that global oil demand will contract at its fastest rate since the pandemic due to the effective closure of the Strait of...

• OPEC Forecasts Global Oil Demand Expansion of 1.3 Million Barrels Daily Amid Rising Production Levels

  Published: Mar 11, 2026

  Section: Markets

  The Organization of the Petroleum Exporting Countries projected on Wednesday that global oil demand will grow by 1.3 million barrels per day in 2027, largely driven by non-OECD nat...