IEA Tells OPEC To “Open The Taps”

Oil prices climbed on Friday as the IEA boosted optimism about global oil demand recovery.Friday, June 11th, 2021Oil prices showed modest gains on Friday, after a selloff on Thursday. Oil prices drop after U.S. lifting sanctions on Iranian officials. The U.S. Department of the Treasury said on Thursday it is removing several Iranian officials from its list of designated persons, including three directors of the National Iranian Oil Company (NIOC). Oil prices declined on the news.Rystad: OPEC+ will have to loosen output limits. In early trading…