- International Energy Agency (IEA) executive director Fatih Birol: oil prices may reached the bottom
Market news
2 May 2016
International Energy Agency (IEA) executive director Fatih Birol: oil prices may reached the bottom
The International Energy Agency (IEA) executive director Fatih Birol said on Sunday that oil prices may reached the bottom, adding that it would depend on the global economy.
"In a normal economic environment, we will see the price direction is rather upwards than downwards," he said.
Birol noted that the oil market would rebalance in the second half of the year or next year.
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