Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
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Source: CNBC
Published: 2026-05-21 21:35 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Energy, Economy & Finance, Financial Markets, World News, Business & Economy
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Snippet:
Oil markets could soon enter a "red zone" as global stocks deplete and as demand picks up during the summer travel season, the head of the International Energy Agency warned on Thursday.
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