Oil supply crunch will worsen in April, IEA warns as it weighs releasing more strategic reserves
George Mihalcea
The coming month will see an intensification of the oil supply glut that has driven prices sharply higher since the start of the Iran war, according to the head of the International Energy Agency. Speaking to the "In Good Company" podcast hosted by Nicolai Tangen, CEO of Norges Bank Investment Management, Birol said the energy crisis sparked by the U.S.-Iran war was the worst in history. "The next month, April, will be much worse than March," he said. He explained that in March there were
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