CAIRO, Feb 14 The International Energy Agency’s (IEA) chief Fatih Birol urged the Opec+ group of oil producers to close the gap between its words and its actions, as prices today surged to a more than seven-year high. Speaking at an industry event in Cairo broadcast by Egyptian state.
PARIS, Jan 19 The oil market could face another volatile year but demand is surging higher as the sector has weathered the impact of the Omicron coronavirus variant, the International Energy Agency said today. The IEA revised its demand estimates, saying it increased by 5.5 million barrels per.
Oil s rally may extend further in the next few months due to recovering demand and limited capacity in OPEC+ to add supply and prices could break $100 a barrel, OPEC officials have told Reuters.