- IEA’s Birol: World is in the middle of the first truly global energy crisis
Market news
25 October 2022
IEA’s Birol: World is in the middle of the first truly global energy crisis
International Energy Agency (IEA) Chief Fatih Birol said on Tuesday that “the world is in the middle of the first truly global energy crisis.”
Additional quotes
The decision from OPEC+ to cut output by million bbl/day is a risky one, especially as several economies are on the brink of recession.
Global LNG markets will tighten further in the next year as Europe's imports will increase and demand from China may rebound.
Related reads
-
WTI fails to cheer downbeat DXY amid recession fears
- Commodity prices surge on hopes of Fed pivot – What’s next? [Video]
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page