Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season, IEA chief says

Fatih Birol, executive director of the International Energy Agency (IEA), at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Tuesday, April 14, 2026. Bloomberg | Bloomberg | Getty Images Oil markets could soon enter a "red zone" as global stocks deplete and as demand picks up during the summer travel season, the head of the International Energy Agency warned on Thursday. …