International Energy Agency warns of oil stockpiles approaching ‘Red Zone’ | ABC NEWS
The head of the International Energy Agency says he is concerned the ongoing fuel crisis caused by the Iran war could push oil prices into the ‘red zone’, where global stockpiles fall below 90 days’ worth.
Associate Professor San-Joy Paul from the University of Technology Sydney says there is a buffer of oil stockpiles around the world but the approaching northern hemisphere summer will place more pressure on supplies.
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