# IEA: Oil market calm despite geopolitical supply concerns | Oil & Gas Journal

> The IEA's monthly Oil Market Report said the market remains calm despite supply concerns around Libya, Iran, Venezuela, and recent attacks on shipping and Saudi pumping stations. It cut its 2019 demand growth estimate by 90,000 b/d on weaker first-quarter data from Brazil, China, Japan and others. Brent was little changed at just above $70.

- Date: 2019-05-15 · published 2019-05-15T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/59247-iea-oil-market-calm-despite-geopolitical-supply-concerns-oil-and-gas-journal
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A downgrade to demand growth signals softer fuel demand, which weighs on energy prices and diesel costs. Supply risks keep the outlook balanced rather than clearly bearish.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-12 | [Oil Market Report - December 2018 - IEA](https://feedsoft.ai/events/8519-oil-market-report-december-2018-iea.md) | -7.0% | +1.8% |
| BRENT | 2022-03-31 | [Statement about Oil Market Report data - IEA](https://feedsoft.ai/events/42181-statement-about-oil-market-report-data-iea.md) | -11.9% | -6.8% |
| BRENT | 2023-10-12 | [Oil Market Report - October 2023 - IEA](https://feedsoft.ai/events/9278-oil-market-report-october-2023-iea.md) | +5.8% | -7.2% |
| BRENT | 2023-11-14 | [Oil Market Report - November 2023 - IEA](https://feedsoft.ai/events/33372-oil-market-report-november-2023-iea.md) | -0.6% | -8.9% |
| BRENT | 2024-02-15 | [Oil demand growth slowing as non-OPEC supply expands, says IEA \| Reuters](https://feedsoft.ai/events/31840-oil-demand-growth-slowing-as-non-opec-supply-expands-says-iea-reuters.md) | +1.1% | +1.2% |

## Sources

- ogj.com: https://www.ogj.com/general-interest/economics-markets/article/17279277/iea-oil-market-calm-despite-geopolitical-supply-concerns

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.