IEA says new cuts by Saudi Arabia and others unlikely to balance oil market
International Energy Agency (IEA)
Executive Director Fatih Birol said on Thursday that recently
announced oil output cuts by major Gulf Arab producers would
likely not be enough to balance global markets as coronavirus
lockdowns hollow out demand.
Executive Director Fatih Birol said on Thursday that recently
announced oil output cuts by major Gulf Arab producers would
likely not be enough to balance global markets as coronavirus
lockdowns hollow out demand.
Posted by Reuters
