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IEA Cuts Oil Forecasts Amid Geopolitical Tensions; Oracle Surges on AI Demand
Worldbloombergcnbcukrainska-pravda+3The IndependentYahooinvesting-com38m ago6 sources

IEA Cuts Oil Forecasts Amid Geopolitical Tensions; Oracle Surges on AI Demand

The International Energy Agency slashed global oil demand and supply forecasts, warning that the refining system is stretched to the limit due to conflicts in Iran and Ukraine. Meanwhile, Oracle stock surged as artificial intelligence cloud demand outpaced supply.