Stalled talks by top oil producers over releasing more supply could deteriorate into a price war just as COVID-19 vaccines are sending demand for oil surging, the International Energy Agency (IEA) said on Tuesday. “The possibility of a market share battle, even if remote, is hanging over markets, as is the potential for high fuel prices to stoke inflation and damage a fragile economic recovery,” the Paris-based agency said. “The OPEC+ stalemate means that until a compromise can be reached, production quotas will remain at July’s levels. In that case, oil markets will tighten significantly as demand rebounds from last year’s COVID-induced plunge,” it added in its monthly oil market report. A spat between Saudi Arabia and the United Arab Emirates forced OPEC+, which groups producers from the Organization of the Petroleum Exporting Countries, Russia and others, to abandon talks last week on boosting […]