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AI Boom Could Drive a 128% Surge in Data Centre Electricity Demand by 2030
June 13, 2026June 13, 2026

Artificial intelligence is becoming a structural force in global electricity markets. The issue is no longer only the power used by individual AI queries or model training runs. The larger shift is the rapid buildout of high density data centres, accelerator chips, cooling systems, grid connections and backup power infrastructure needed to support AI at…

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IEA | International Organizations | Markets | Macro | MENA | Energy & Commodities | Global | Egypt

Suez Canal Receives Tanker Boost as Energy Routes Adjust to Hormuz Disruption
June 10, 2026June 13, 2026

The Suez Canal recorded a clear recovery signal in April 2026, as oil tanker traffic increased sharply amid the effective closure and disruption of the Strait of Hormuz. The improvement gave Egypt’s strategic waterway its strongest monthly revenue level since early 2024, but the data also show that the recovery remains partial and heavily concentrated…

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IEA | International Organizations | World Bank | Markets | Macro | MENA | Energy & Commodities | Kuwait | Global

Kuwait Oil Cargoes Offer Early Test of Hormuz Recovery
June 9, 2026June 13, 2026

Kuwait’s reported offer of crude cargoes to Asian refiners marks an important but still cautious signal for Gulf energy markets. Market reporting indicated that at least two very large crude carriers carrying Kuwaiti crude were being offered to buyers in Asia after moving through the Strait of Hormuz. The development matters because Kuwait is one…

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IEA | International Organizations | Markets | Macro | Energy & Commodities | USA | Global

US Trade Deficit Narrows in April 2026 as Oil Exports Offset Technology Import Demand
June 9, 2026June 13, 2026

The U.S. trade deficit narrowed modestly in April 2026, but the underlying data reveal a more important shift in the structure of trade. The improvement was not driven by weak domestic demand or a broad reduction in imports. Instead, exports increased faster than imports, supported mainly by a sharp rise in crude oil shipments, while…

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IEA | International Organizations | OPEC | World Bank | Markets | Macro | Geopolitics | MENA | Energy & Commodities | Global

Oil Prices Jump Nearly 5% as Middle East Escalation Revives Supply Shock Fears
June 8, 2026June 13, 2026

Oil prices surged sharply on Monday as renewed tensions in the Middle East revived fears of potential disruption to global energy flows through one of the world’s most critical oil transit corridors. Brent crude moved close to US$98 per barrel, while West Texas Intermediate traded near US$95 per barrel, with both benchmarks rising by nearly…

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China | Global | IEA | International Organizations | China | Energy & Commodities | Global

China’s Oil Imports Fall to 10 Year Low as Refiners Rely on Stockpiles
June 5, 2026June 13, 2026

China’s crude oil buying has slowed sharply, creating an unusual stabilizing effect for global oil markets at a time of major disruption in Gulf supply routes and elevated energy price volatility. Market tracking estimates indicate that China’s seaborne crude arrivals fell to around 6.4 to 6.6 million barrels per day in May 2026, the lowest…

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IEA | International Organizations | OPEC | Macro | MENA | Energy & Commodities | Kuwait

Kuwait Oil Recovery Outlook Strengthens as KPC Signals Readiness After Hormuz Reopening
June 4, 2026June 13, 2026

Kuwait Petroleum Corporation signals crude production could recover to nearly 70% of normal levels within 6–8 weeks of the Strait of Hormuz reopening, with refinery output returning in 2–3 weeks. The phased recovery underscores Kuwait’s operational readiness and its role as a reliable Gulf supplier, supported by 1.4 mb/d refining capacity and the Strategy 2040 target of 4.0 mb/d crude.

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IEA | International Organizations | Markets | UAE | Macro | Bahrain | Geopolitics | Saudi Arabia | MENA | Energy & Commodities | Kuwait | Oman | Qatar

Strait of Hormuz Risk and GCC Oil Export Resilience
June 2, 2026June 13, 2026

A Hormuz disruption is a resilience test, not a uniform shock. Oman has geographic flexibility, Saudi Arabia and the UAE have alternative pipelines, Kuwait and Qatar have powerful financial buffers, and Bahrain benefits from GCC integration.

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IEA | International Organizations | Macro | MENA | Energy & Commodities | USA | Global | Qatar

IEA: Energy Investment Rises as Oil Spending Falls
May 28, 2026June 13, 2026

Global energy investment is set to reach $3.4 trillion in 2026 (+~5% y/y), with oil spending falling below $500 billion for a third year while gas investment rises to a decade-high $330 billion and electricity-related spending nears $1.6 trillion, according to the IEA’s World Energy Investment 2026.

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IEA | International Organizations | Global

IEA: EV Sales Set to Reach 23 Million as BYD Gains in the Middle East
May 21, 2026June 13, 2026

The International Energy Agency expects global electric vehicle sales to keep growing in 2026, supported by higher fuel prices, lower battery costs, policy support and rising interest in reducing oil dependence. Key insights: The IEA expects electric car sales to reach 23 million units in 2026, equal to about 28% of global car sales. In…

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