IEA says does not expect ‘huge increase’ in crude prices
New Delhi: The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.
Electric vehicles are not expected to make a dent on crude demand in India and elsewhere, IEA’s Fatih Birol also said, adding that he expects India’s oil demand to continue rising.
