XLE & Oil

IEA’s Birol: Energy Prices Won’t Return to Pre-War Levels in 2027

OilPrice.com·Oct 26, 2026 · 8:30 AM CT
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IEA chief Fatih Birol said Monday at Singapore International Energy Week that he sees no credible path for oil, fuel and gas prices to return to pre-war levels in 2027. He said the Middle East conflict has badly tightened markets and that trust is now the scarcest commodity in energy.

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