IEA: Tanker Rates Push Up Delivered Crude Costs
IEA analysts report Middle East Gulf-to-Asia crude freight above $37 a barrel by mid-October 2026, with Suezmax and Aframax tonne-mile demand up about 20% year-on-year.
The changing economics of energy, security, resources and the transition ahead.
IEA analysts report Middle East Gulf-to-Asia crude freight above $37 a barrel by mid-October 2026, with Suezmax and Aframax tonne-mile demand up about 20% year-on-year.
The IEA reports its Electricity Security Advisory Board met in Paris with over 70 experts to discuss grid use, storage investment, reliability and affordability.
IEA analysis finds Chinese alkaline electrolysers cost $500–1,100 per kW versus $1,900–2,500 elsewhere, but project-level advantages shrink when installation is included.
IEA Governing Board says members will speed up around 100 million barrels of undelivered emergency oil, including over 20 million barrels of diesel.
The IEA forecasts global oil demand to drop 2.6 mb/d in 2026 as the Iran war restricts fuel supplies and raises prices, with diesel hit hardest.
IRENA's 32nd Council in Abu Dhabi reviews the World Energy Transition Outlook 2026, discussing renewables-based electrification and energy security.
IRENA's 2026 outlook says electricity must reach over half of final energy use by 2050, requiring 38.2 TW of renewables and USD 256 trillion in investment.