Business Insider | 25/10/2022 05:23 PM | Click to read full article
The OPEC+ deal to slash oil output raises the risk of an energy-driven recession next year, IEA director Fatih Birol said. The OPEC+ oil output cut is fueling the "first truly global energy crisis", the head of the IEA said. He warned the Russia and Saudi-driven move cut 2 million barrels a day and raised the risk of recession., with oil demand set to outpace supply next year.
