Economic data
IEA’s Birol: Energy Prices Won’t Return to Pre-War Levels in 2027
The Middle East conflict has tightened energy markets so much that crude oil, fuel, and natural gas prices are unlikely to return to pre-war levels in 2027, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday. “I am afraid I don't see any credible pathway that the markets will go next year, where we were before this war has started,” Birol said at the Singapore International Energy Week conference, as carried by Reuters. In a speech at the event, Birol cautioned that energy markets are…