Oil markets nearing 'red zone' as holiday season nears, warns IEA chief | Iran
Source: Theguardian
Published:
<p>Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August</p> <p>Oil markets will enter the “red zone” by July and August as stocks dwindle before the summer travel season amid a shortage of fresh oil exports from the Middle East, the executive direct