The oil market is heading into what Fatih Birol calls the "red zone" this summer. Speaking Thursday at Chatham House in London, Birol warned that rapidly falling inventories, missing Middle Eastern exports, and rising summer demand could push global oil markets into dangerous territory by July or August. "This may be difficult and we may be entering the red zone in July-August if we don't see some improvements," Birol said. And unlike some earlier warnings that felt a bit theoretical, the inventory data increasingly suggest he may actually have…
Hence then, the article about oil could enter red zone by july august iea was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Oil Could Enter Red Zone by July/August: IEA )