IEA Head Says Oil Market Doesn’t Have Serious Supply Outage
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The oil market has enough supply and there is no need for the release of emergency inventories for the moment, the head of the International Energy Agency said.
“We don’t have a serious disruption of supply,” Maria van der Hoeven, head of the Paris-based energy adviser, said today in an interview in Stavanger, Norway. “The market is sufficiently well supplied and when there is the collective action needed as there was last year, it can only be when we are talking about a serious disruption of supply.”