International Energy Agency: Stalled Talks In OPEC + May Lead To A Price War

Baghdad The International Energy Agency said today, Tuesday, that stalled talks between major oil producers on pumping more supplies may deteriorate into a price war.

The agency added, according to the Iraqi Political Economic Center, that the possibility of a battle over the market share threatens the markets, even if it is a remote possibility, noting that the possibility of rising fuel prices threatens to fuel inflation and damage a fragile economic recovery.

 

Source: National Iraqi News Agency