Tag: International Energy Agency
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IEA says Mideast fighting increases energy concerns
PARIS: The head of the International Energy Agency said on Tuesday (Jul 21) that renewed fighting in the Mideast increases concerns over energy supplies but that the market still has cushions to absorb the impact.”The escal
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IEA sees gradual Hormuz recovery tipping into significant 2027 oil surplus
LONDON: The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency said in its monthly oil market report on Wednesday (Jun 17).The US and Iran reached an agreement to end the three-month-old war, which
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