IEA chief economist says oil prices unlikely to fall soon

WARSAW (Thomson Financial) – The International Energy Agency’s chief economist said on Tuesday it would be ‘very optimistic’ to expect prices of oil to fall within the next few months.

‘I cannot make official forecasts about oil prices but I can tell you that it would be very optimistic to expect that prices will go down in the coming months,’ Fatih Birol told reporters on a visit to Warsaw.


Oil prices have risen again in recent days to touch off record highs.

‘There are three plus one reasons for high oil prices,’ Birol said.

Thomson Financial