‘Oil prices may see upward trend in 2nd half of year’
Fatih Birol, executive director of the International Energy Agency (IEA), was in New Delhi for a series of G20 meetings. In an interview to TOI, Birol who is a well-known energy expert, says that China’s economic performance will determine the way oil prices behave. Excerpts:
Where do you see oil prices after the latest voluntary output cut by Saudi Arabia?
Prices may see an upward trend in the second half of the year when, as I see, demand might be stronger and additional production coming from the non-Opec countries will be weaker.
