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the oil pump
The International Energy Agency confirmed today, Tuesday, that “the oil markets will experience a great shortage if the OPEC + deadlock continues, and if production quotas remain at July levels.”
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And the agency said that “stalled talks between major oil producers over pumping out more supplies could deteriorate, turning into a price war as Corona virus vaccines launch a surge in price. demand for crude “.
The International Energy Agency has pointed out that “the possibility of a battle for market share, however remote, threatens the markets, as well as the possibility of higher fuel prices threatening to fuel inflation. and undermine a fragile economic recovery “.
Source: “Reuters”
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