Deadlock in OPEC+ creates risk of oil price war, says IEA – ISTOÉ MONEY

Deadlock in OPEC+ creates risk of oil price war, says IEA – ISTOÉ MONEY

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Deadlock in OPEC+ creates risk of oil price war, says IEA – ISTOÉ MONEY

OPEC logo in Algeria.

by Noah Browning

LONDON (Reuters) – The deadlock in negotiations between major oil producers for an increase in supply could deteriorate into a price war, just as demand for the commodity grows in the face of advances in vaccination against Covid-19, he said. the International Energy Agency (IEA) on Tuesday.