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IEA's Birol does not expect energy markets to return to pre-war levels in 2027
SINGAPORE: The head of the International Energy Agency said on Monday that he does not expect energy markets in 2027 to return to where they were before the Iran war, which began in late February. The conflict sharply tightened a market that had been projected to be in surplus this year, significantly disrupting global energy flows and pushing up oil benchmarks and refined product prices. “I am afraid I don’t see any credible pathway that the markets will go next year, where we were before this war has started,” IEA Executive Director Fatih Birol told the Singapore International Energy Week co...
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