IEA Director: Oil market may enter "danger zone" between July and August

Odaily reported that on Thursday, Fatih Birol, Executive Director of the International Energy Agency, stated that the arrival of the summer fuel demand peak, combined with a lack of new oil exports from the Middle East and continuous inventory declines, could push the oil market into a "danger zone" between July and August. However, he did not provide further details. Birol noted in his speech that the world was in a state of oil surplus when the supply crisis triggered by the Iran war broke out, which helped mitigate the impact. However, inventories are now continuously declining. (Jin10)