IEA's Birol Urges Oil Producers to Pump More

Monday, March 14, 2022

 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)

Categories: Energy Activity Production

Related Stories

Velesto Agrees $63M Jack-Up Drilling Rig Sale with Indonesian Firm

Orbital Marine Power Secures $9.31m Investment

Equinor’s First Hybrid Power Complex Starts Operations

Current News

ESVAGT Acquires Two SOVs from Edda Wind

Dräger to Supply Gas Detection, Monitoring Tech to North Sea Operator

NKT Expands Swedish Cable Accessories Plant Amid Rising Demand

Ocean Geophysics, HighTide Team Up for Offshore Data Processing

Subscribe for OE Digital E‑News