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Global Oil Market Faces ‘Red Zone’ Risk by Summer as Supply Pressures Mount, Warns IEA Chief
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Global Oil Market Faces ‘Red Zone’ Risk by Summer as Supply Pressures Mount, Warns IEA Chief

The global oil market could face severe supply pressures and heightened volatility in the coming months, with the International Energy Agency (IEA) warning that the sector may enter a “red zone” by summer if current trends continue. The caution comes amid growing geopolitical tensions, strong seasonal fuel demand, and concerns over tightening crude supplies that...