Singapore PM warns suppliers to honor contracts as Indonesia cuts gas exports
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IEA Executive Director Fatih Birol stated that global energy markets will not return to pre-Ukraine-war levels by 2027, citing persistent fuel shortages, winter demand pressures, and heightened energy security concerns. This signals a prolonged period of elevated energy prices and supply volatility, with implications for inflation and economic growth.
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IEA Executive Director Fatih Birol confirmed that global energy markets will not return to pre-Ukraine war levels by 2027 due to persistent fuel shortages, winter demand, and heightened security concerns. This assessment, while not a formal IEA forecast, indicates a prolonged period of elevated energy prices and supply volatility. The specific impact of the Middle East conflict on this trajectory remains partially unclear.
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