Oil-Producing Countries Will Step In And "Relieve Strain" On Supply, Hopes IEA

The head of the International Energy Agency said he hoped oil-producing nations would step in to ease supply fears.

The head of the International Energy Agency said on Friday he hoped oil-producing nations would step in to ease supply fears as the Russian invasion of Ukraine sent shockwaves through markets.

IEA Executive Director Fatih Birol said at a press conference he was looking for "some good messages which could help to relieve the strain on the oil markets" after the next meeting of OPEC+, which is led by Saudi Arabia and Russia, on March 31.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)