Radiya Binte Reza

The International Energy Agency is an international intergovernmental organization whose mandate is to maintain the stability of the international oil supply. Due to the global pandemic of Covid-19, the global market has been in a downward situation. Currently, with the arrival of the new variant Omicron, there is a new restriction on international travel. This is gradually decreasing the recovery rate in the oil market. Though IEA expects a better year in 2022, the unusual and unexpected situation has made it difficult to recover and another collapse may happen at any time.