Oil producing countries will step in and “relieve stress” on supplies, hopes IEA

IEA expects next OPEC+ meeting to ‘relieve pressure’ on oil markets

The head of the International Energy Agency said on Friday he expected oil-producing countries to take steps to ease supply fears as the Russian invasion of Ukraine sent shock waves through markets.

IEA Executive Director Fatih Birol said in a press conference that he would “some good messages that can help defuse tensions on oil markets” after the next OPEC+ meeting, led by Saudi Arabia and Russia, on March 31. were looking for.

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