Middle Eastern oil and gas production may require up to two years to return to pre-war levels, according to IEA head Fatih Birol, raising questions about medium-term supply stability for benchmarks such as Oil – Brent Crude and Natural Gas. Birol noted that recovery timelines will differ by country, with Iraq highlighted as facing a particularly extended path back to prior capacity, which could sustain a geopolitical risk premium even amid soft demand signals.
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Over the past month, Brent has slipped about 1.8%, reflecting a modest pullback as markets weigh slower demand growth against constrained supply, while natural gas has fallen roughly 10.2%, underscoring persistent weakness in pricing power despite regional disruption risks. On a one-day basis, technical indicators point to a short-term divergence, with Brent flashing a Buy signal and natural gas showing a Sell signal, suggesting that near-term momentum currently favors crude over gas in investor positioning.
Investors can explore more updates, prices, and analysis across global markets at Commodities.