Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says
Fatih Birol, executive director of the International Energy Agency (IEA), at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Tuesday, April 14, 2026. Bloomberg | Bloomberg | Getty Images Oil markets could soon enter a “red zone” as global stocks deplete and …