The International Energy Agency has slashed its medium-term outlook for global oil supply and demand, citing disruptions from the Iran-related conflict in the Middle East and weaker macroeconomic prospects. The revised projections imply declining consumption from 2025 onward, a shift that could weigh on benchmarks such as Oil – Brent Crude, Oil – US Crude, and potentially reshape expectations for Natural Gas demand.
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Over the past month, Brent has fallen about 6.6% while WTI is down roughly 0.4%, reflecting cautious sentiment and uncertainty over future demand, with both currently flashing a short-term Hold and Hold signal respectively. Natural gas has dropped nearly 13% in the last month, underperforming the oil complex and aligning with a 1-day technical indication of Sell, suggesting continued downside pressure if fundamentals do not improve.
Investors can explore more updates, prices, and analysis across global markets at Commodities.