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IEA cuts 2026 oil demand outlook as Middle East war rattles markets
IEA cuts 2026 oil demand outlook as Middle East war rattles markets
WEDNESDAY, APRIL 15, 2026
IEA lowers its 2026 oil demand growth forecast as Middle East conflict disrupts Hormuz flows, hits supply and keeps pressure on global oil pricesNew US blockade on Iran sends world oil prices sharply higher
New US blockade on Iran sends world oil prices sharply higher
MONDAY, APRIL 13, 2026
CENTCOM says it will block shipping to and from Iranian ports, lifting tensions in the Gulf and pushing crude prices above US$100 a barrelSoaring costs sink famed plastic factory after 50 years
Soaring costs sink famed plastic factory after 50 years
FRIDAY, APRIL 10, 2026
Comos Corporation will shut by end-April after 50 years, hit by surging oil-linked plastic costs, falling sales and more than THB40 million in debtOil rises as war disruption deepens and OPEC+ move offers little relief
Oil rises as war disruption deepens and OPEC+ move offers little relief
MONDAY, APRIL 06, 2026
Oil prices opened higher as the US-Israeli war with Iran continued to disrupt supply, while OPEC+’s planned output increase offered little immediate reliefOPEC+ speeds up oil output hikes, adds 548,000 bpd in August
OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
SUNDAY, JULY 06, 2025
OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and US attacks on Iran.Malaysia among winners as oil prices rise
Malaysia among winners as oil prices rise
FRIDAY, NOVEMBER 10, 2017
COLOMBIA, MALAYSIA, Nigeria, Russia and Saudi Arabia are the clear-cut winners as crude oil prices staged a strong rebound after hitting a trough of US$44 (Bt1,456) a barrel in June, says Nomura Global Research. 