Energy markets unlikely to return to pre-war levels in 2027, IEA head says
Executive Director of the International Energy Agency Fatih Birol does not expect energy markets to return in 2027 to the levels that existed before the US and Israeli war against Iran, which began in late February. He made the remarks at the Singapore International Energy Week conference.
Abdulrahman Sadikhli1 min read
International Energy Agency (IEA) Executive Director Fatih Birol does not expect energy markets to return in 2027 to the state they were in before the war between the United States and Israel against Iran, which began in late February. He made the statement at the Singapore International Energy Week conference. According to Mehr News Agency, energy markets are unlikely to return to pre-war levels in 2027.
"Unfortunately, I do not see any realistic path by which markets next year return to what they were before this war began," Birol said.
According to him, everyone needs to prepare, placing energy security as a top-priority task for governments and business circles, while not forgetting what the next chapter will be for countries and companies that gathered at the conference.
The war has sharply disrupted a market that was forecast this year to be abundant, significantly breaking global energy flows and pushing up the prices of oil and oil products.
Source: en.mehrnews.com
