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EU member states broadly agreed at a Wednesday morning officials' meeting they do not need to make additional oil reserve releases following the G7's announcement last week to release 100 mln barrels of crude and diesel. A memo said any further relea

2026-10-07

EU member states broadly agreed at a Wednesday morning officials' meeting they do not need to make additional oil reserve releases following the G7's announcement last week to release 100 mln barrels of crude and diesel. A memo said any further releases should be limited to volumes already agreed in March. Some countries asked the IEA to run an impact assessment. The memo said an early diesel release is technically feasible but would be small and no EU state has committed to a 20‑day release window. France and Italy may consider releasing additional diesel beyond their March pledges but have made no decision. The IEA is scheduled to discuss the issue Wednesday evening.

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2026-10-07

Brazil's Ministry of Trade predicts that exports will reach $382.5 billion in 2026 (previously $394.4 billion).

Brazil's Ministry of Trade predicts that exports will reach $382.5 billion in 2026 (previously $394.4 billion).
2026-10-07

The U.S. Energy Information Administration (EIA) projects global oil demand at 102.4 million barrels per day in 2026, down from the previous forecast of 102.6 million barrels per day; and projects demand at 104.6 million barrels per day in 2027 (prev

The U.S. Energy Information Administration (EIA) projects global oil demand at 102.4 million barrels per day in 2026, down from the previous forecast of 102.6 million barrels per day; and projects demand at 104.6 million barrels per day in 2027 (previously forecast at 105 million barrels per day).
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