Title: Birol: OPEC+ Decision Likely Raises Oil Prices

The Director of the International Energy Agency, Fatih Birol, confirmed today, Monday, that "the likelihood of rising oil prices has become more probable following the OPEC+ decision to cut production." Birol stated during a meeting of airline leaders from around the world that "the possibility of price increases has significantly increased as a result of the agreement." The OPEC+ alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, agreed on new production cuts yesterday, Sunday.