Asian shares are mixed and oil prices little changed
Digest more
The International Energy Agency (IEA) recently released its Oil Market Report for April and significantly cut its global oil demand outlook for 2026. The cut is significant and highlights a key point about the crisis over the closure of the Strait of Hormuz: It's in the interest of almost everybody to reopen it.
Crude oil futures plunged as Iran kept the Strait of Hormuz open, easing supply fears and shifting the oil outlook bearish as traders unwind risk premium.
The IEA says escalating tensions in the Middle East and restricted flows through the Strait of Hormuz are weighing heavily on global consumption forecasts.
The International Energy Agency has warned that the Iran war has destabilised global oil markets, cutting demand expectations and triggering what it described as the most severe supply shock in history, driven by disruptions across the Middle East energy ...
Adam Shapiro, vice president at the Federal Reserve Bank of San Francisco, shared views on the current economy and the outlook from the Economic Research Department as of April 16, 2026.
April 17 (Reuters) - Goldman Sachs said softer oil demand and easing supply disruptions have balanced out the risks in its oil price outlook, though it kept its 2026 average forecasts unchanged. The bank maintained its Brent and WTI crude forecasts for 2026 at $83 a barrel and $78 a barrel,
Oil’s push lower following the Iran war ceasefire will likely face headwinds as traders focus on the pace of re-opening of the Strait of Hormuz, damage to energy facilities, and any signs of cracks in the agreement to halt hostilities,
Stocks fell as oil surged, lifting inflation expectations, strengthening the dollar, and pushing Fed rate cuts further out while the 10-year Treasury yield pushed above 4.35%. Gold and silver broke below key technical levels as rising real yields and a ...
World oil supply will shrink this year as the war in the Middle East disrupts exports, while demand will also contract, the International Energy Agency said on Tuesday, reversing earlier forecasts for growth as what it calls the largest oil supply shock in history sends prices soaring.
Why are oil and gas prices down today, and will Brent crude and US WTI crude futures continue to drop or rise again soon? Oil and gas markets moved lower after signals of possible US-Iran talks eased supply fears linked to the Strait of Hormuz blockade.