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

CGG Rebrands to Viridien

CGG Rebrands to Viridien

Diamond Offshore Nets $350M for Ocean BlackHawk Drillship Contract Extension

Diamond Offshore Nets $350M fo

Petronas Makes Oil and Gas Discovery Offshore Suriname

Petronas Makes Oil and Gas Dis

Seatrium Awarded Repeat FPSO Integration Contract from SBM Offshore

Seatrium Awarded Repeat FPSO I

Subscribe for OE Digital E‑News

Offshore Engineer Magazine