Gas
IEA’s Birol: Energy Prices Won’t Return to Pre-War Levels in 2027
CEII brief
OilPrice.com reported on 26 Oct 2026: IEA’s Birol: Energy Prices Won’t Return to Pre-War Levels in 2027.
Read the full story on OilPrice.comThe Middle East conflict has tightened energy markets so much that crude oil, fuel, and natural gas prices are unlikely to return to pre-war levels in 2027, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
