International Energy Agency warns of high oil prices

13 Sep 2018 11:13 AM

The IEA's comments in the monthly oil market report are as follows:

  • Warns that oil prices may exceed $ 80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela.
  • There is a risk to demand outlook in 2019 as well.
  • There are challenges facing emerging markets such as currency devaluation and trade disputes.
  • At present, risks are not enough to change expectations so far.

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