Oil can go through a period of high volatility

Due to the high oil consumption in developing countries, the International Energy Agency (IEA) believes that the demand for the product does not reach its peak anytime soon. The statement was made by the Director of the Agency, Fatih Birol.

In his statement, the Director of the IEA stated that due to the low prices of the commodity during the previous two years and, consequently, a drop in investments in the area, if the oil companies do not develop new projects, oil markets can go through a period of high volatility.

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