Topic
iea
Commodities India's Power Demand Rises on Heatwaves; IEA Sees 7% Electricity Growth in 2026
India's electricity demand rose about 6% in H1 2026 led by heatwaves and strong industrial activity, according to the IEA. The agency forecasts 7% annual growth for 2026. Peak load hit a record 270.8 GW in May, but shortages more than doubled in Jan-May 2026 due to evening supply gaps.
Commodities IEA warns global energy security at risk if Strait of Hormuz oil flows are not restored
IEA Executive Director Fatih Birol warned on July 17, 2026, that global energy security is at risk if oil flows through the Strait of Hormuz are not restored in the next few weeks. The waterway has been mostly blocked since the conflict began on February 28 with U.S. and Israeli strikes on Iran. Birol highlighted that China's stockpile of over 1 billion barrels and an IEA-coordinated release of up to 400 million barrels have moderated price rises, but these measures cannot last indefinitely.
Commodities IEA forecasts global natural gas demand to fall 0.5% in 2026 as higher prices curb consumption
The International Energy Agency (IEA) forecasts global natural gas demand to fall 0.5% in 2026, driven by higher prices curbing consumption from power generators and industry. The U.S.-Iran conflict has sharply reduced LNG flows through the Strait of Hormuz, pushing up benchmark prices in Europe and Asia. Asia gas demand fell 1% year-on-year in the first half of 2026 as fuel switching to coal accelerated.