International Energy Agency head expects an abundance of energy supply in terms of oil and gas in first-half of yearThe Philadelphia Energy Solutions oil refinery. Picture: REUTERS
The head of the IEA, Fatih Birol, said on Tuesday he expects the market to be in surplus by a million barrels per day in the first half of this year. Libya’s National Oil Corporation on Monday declared force majeure on the loading of oil from two major oilfields after the latest development in a long-running military conflict.
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