Impasse in negotiations and rising diesel prices are straining the energy industry across Europe and the Middle East.
8 reports, 1 independent
Updated Sep 11
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What happened
Impasse in negotiations and rising diesel prices are straining the energy industry across Europe and the Middle East.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Global oil market dynamics are being shaped by divergent views on demand forecasts, US policy shifts under the Trump administration, slower EV uptake in Europe, and major export cuts from Gulf producers due to the Iran war.Also in this story
- The International Energy Agency and DNV are modeling global energy demand amidst geopolitical tensions and policy shifts affecting the global energy market.
- IEA reports on energy shocks originating from the Middle East and their impact on Europe's electricity demand.
- OPEC considers OECD demand expectations in its forecasts.
- Gallup poll shows growing number of Americans identifying as Democrats, while EV deployment surpasses forecasts, forcing IEA to revise projections, and Trump pushes back on the transition.
The entities involved
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Europe
terrestrial continent located in north-western Eurasia
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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International Energy Agency
autonomous intergovernmental organisation
Related events
- Geopolitical tensions in the Middle East are causing oil price volatility, impacting the operational costs of international carriers like Qantas and Virgin Australia.
- EIA data indicates a global oil deficit, while ongoing conflict is concurrently driving crude oil prices upward.
- Food manufacturers in Europe and the Middle East are facing rising production costs due to conflict, drought, and diesel price increases.
- Strikes on oil tankers are underway, disrupting supply chains amidst the ongoing escalation of the Iran and US conflict in the Middle East.
- Middle East oil pipeline disruption is causing surging Brent crude prices and affecting fuel costs.