Oil parked above $110 a barrel as IEA warns energy markets won’t return to normal next year

Oil parked above $110 a barrel as IEA warns energy markets won’t return to normal next year

By Hanna Ziady, CNN London (CNN) — Global energy markets are more than a year away from returning to normal and remain highly vulnerable to “overlapping crises” in the Middle East, the head of the International Energy Agency has warned. His comments come as oil prices have been marching upwards in recent weeks. Brent crude,

Oil markets unlikely to ease next year, says IEA chief Birol

Fatih Birol says Middle East and other producing regions could undergo ‘overlapping crises’ preventing return to pre-war status quo