Sunday , March 7 2021

PEROL: Exceptions to US sanctions have provided support, but global economy remains fragile

Fatih Birol, director of the International Energy Agency (IEA)

OSLO (Reuters) – US exemptions from sanctions for Iran have given some support to the oil markets, but the global economy remains fragile, International Energy Agency director Fatih Wierol told Reuters on Tuesday.

"The US decision on exemptions from Iranian sanctions surprised some players on the market and therefore we are seeing today that markets are getting good supplies and that the price has fallen by $ 20," he said in the margins of a conference on energy.

"But the world economy is still going through a very difficult period, which is very fragile and because of the increase in production, there is a very limited global production surplus left in an increasingly global world," he said, repeating the appeal of large producers for "good sense" at their meeting in December. Gravity ".

It was prepared by Moataz Mohamed for the Arab edition – Edit Hala Qandil

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