Egypt Unrest Poses ‘No Real Threat’ to Oil Via Suez, IEA Says

Oil transit through the Suez Canal isn’t currently at risk from anti-government protests in Egypt, said Fatih Birol, chief economist at the International Energy Agency.

There is “no real threat” to flows through the canal, Birol said today in a Bloomberg interview in Moscow. “We hope to see the market calm down because it is not good news for anybody in the market: consumers, producers or anybody.”