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The Economic Times

Top News / The Economic Times

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IEA: Plenty of oil in market despite West Asia turmoil

International Energy Agency chief Fatih Birol assured there is ample oil globally. He acknowledged logistical challenges due to the West Asia conflict. Birol stated that while all options are considered, no immediate release of emergency oil stocks is planned. He also cautioned against relying on Russia for energy supplies, calling it a past mistake.

7 Mar 2026 12:03 am