International Energy Agency Executive Director Fatih Birol discusses the outlook for oil production and prices in light of current geopolitical uncertainties. “This year, we expect the oil demand to increase about 700,000 barrels per day, and the production growth is significantly higher than that,” Birol told Bloomberg Television. “If there are no other surprises, we may expect oil prices seeing a downward pressure further,” he adds. (Source: Bloomberg)
Inflation risk is still under-appreciated by investors
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