Features
One billion barrels of emergency stocks remain in oil reserves, IEA says
International Energy Agency (IEA) member countries still hold more than one billion barrels of government-controlled emergency stocks, according to Dr Fatih Birol, the Executive Director of the IEA.
Market outlook: beyond the chokepoint: how the Middle East conflict is triggering a global energy reset
Four months after the Middle East conflict upended the world’s most critical transit chokepoint — the Strait of Hormuz — the global energy system is undergoing a profound structural reset. While the US-Iran memorandum of understanding (MoU) has successfully defused immediate supply shock anxieties, the market’s focus remains firmly on creating a new, post-war energy landscape that is resilient, secure and sustainable.
