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Steep Rise in Oil to More than $100 per Barrel to Give Turkey a Headache, IEA's Birol Says

ISTANBUL--July 27, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--The increase in geopolitical risks in the Middle East will increase crude prices, which may also result Turkey's energy bill, said Fatih Birol, the chief economist of the International Energy Agency (IEA). "A steep rise in oil price over $100 per barrel will give Turkey a headache, which may increase the current account deficit figures," Birol said.

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