Russia’s invasion of Ukraine and Western sanctions on Russian oil exports threaten a supply shock that will tighten energy markets even further unless major producers increase output, the International Energy Agency said
and Western sanctions on its oil exports threaten a supply shock that will weigh on the global economy and tighten energy markets even further unless major producers increase output, according to the International Energy Agency.
Energy markets were facing the biggest supply crisis in decades, which could result in lasting changes, the Paris-based agency said Wednesday in its monthly report.
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