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'Plenty of oil' in market despite Mideast turmoil: IEA chief

Middle East News

06-03-2026 | 06:25

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'Plenty of oil' in market despite Mideast turmoil: IEA chief

International Energy Agency chief Fatih Birol sought Friday to tamp down fears of a global oil crisis after prices spiked because of the war in the Middle East, saying there was "plenty of oil in the market."

Addressing reporters in Brussels, Birol said "logistical disruption" from the conflict was "creating challenges for many countries," but insisted: "There is no shortage of oil globally."

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