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Monday, October 26, 2026Updated 15:09 UTC

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

Source: OilPrice.com · Oct 26, 2026 13:30 UTC

Oil refinery towers and pipes with a city skyline in the distance — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

The Middle East conflict has tightened energy markets so much that crude oil, fuel, and natural gas prices are unlikely to return to pre-war levels in 2027, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday. “I am afraid I don't see any credible pathway that the markets will go next year, where we were before this war has started,” Birol said at the Singapore

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