IEA's Birol Urges Oil Producers to Pump More

IEA Executive Director Fatih Birol / Credit: IEA
IEA Executive Director Fatih Birol / Credit: IEA

 International Energy Agency (IEA) chief Fatih Birol on Monday urged oil-producing countries to pump more to stabilize markets affected by the war in Ukraine.

After an initial release of 62 million barrels, the IEA would make further releases if "conditions stay or worsen", Birol told an energy conference in Rabat.

"Every responsible oil producer needs to put more oil in the market," he said via video conference.


(Reuters - Reporting by Ahmed El Jechtimi; editing by Jason Neely)

Current News

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Sapura Energy Hooks Subsea Ser

RTS Wind Lands Offshore Wind Services Deal with Ørsted

RTS Wind Lands Offshore Wind S

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

Philippines' PXP Energy Eyes P

Namibia's NAMCOR Signs Deal with Chevron to Develop Offshore Block

Namibia's NAMCOR Signs Deal wi

Subscribe for OE Digital E‑News

Offshore Engineer Magazine