IEA Chief Says Oil Markets Could Enter 'Red Zone' As Reserves Continue To Drop

Source: International Business Times

IEA chief Fatih Birol warned that oil markets could enter a "red zone" as stocks continue to decrease. AFP IEA chief Fatih Birol warned that oil markets could enter a "red zone" in the summer as reserves continue to decrease while the Strait of Hormuz remains closed during hostilities between the U. S.