IEA chief sees little chance of oil market 'normalisation' next year
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓IEA chief Fatih Birol said on Tuesday (October 20, 2026) that he saw little chance of a return to normal oil market conditions next year.
- ✓"I personally don't see any credible pathway that 2027 will be a year of normalisation," he said.
- ✓Ongoing war in West Asia keeps prices high.
Story at a Glance
- Category
- MARKET
- Reported By
- The Hindu
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
IEA chief sees little chance of oil market 'normalisation' next year left Representational image Getty Images/iStockphoto Getty Images/iStockphoto https://th-i.thgim.com/public/news/national/4gyenb/article71606082.ece/alternates/FREE_1200/iStock-924697738.jpg bluebay2014 Increasing oil price , high price of oil, growing arrow graph
The war sparked by the attacks has sent oil prices to over $100 a barrel compared with below $70 a barrel before hostilities began, while damage to Gulf refineries has helped push diesel prices to record highs
London
The head of the International Energy Agency said on Tuesday (October 20, 2026) that he saw little chance of a return to normal oil market conditions next year, as the ongoing West Asia war keeps prices high.
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The Hindu
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