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IEA: Global oil supply crisis shows signs of easing

 Last Update: 2022-09-25
 Source: Internet
 Author: User

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The current oil supply crisis is showing signs of temporary relief, the International Energy Agency (IEA) said on July 13

For now, major oil producers have been slow to keep up with a rebound in global demand, with Western sanctions on Russia causing a rise in international oil prices, the IEA said

However, high oil prices, in turn, are causing economic weakness, dampening demand for crude

IEA data shows that Western sanctions against Russia have seriously affected Russia's oil exports

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