Energy

New warning from the International Energy Agency: the oil market could enter the "red zone" in the summer

Fatih Birol during his speech at the International Press Club in Canberra.
21/05/2026
1 min

The Executive Director of the International Energy Agency (IEA), Fatih Birol, has warned that the oil market could enter the "red zone" from July if crude reserves continue to deplete and fuel demand remains on the rise, especially for the tourism sector.

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