‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says | Oil

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says | Oil

The oil crisis triggered by the Iran warfare has changed the fossil fuel industry for ever, turning international locations away from fossil fuels to safe power provides, the world’s main power economist mentioned. Fatih Birol, the manager director of the International Energy Agency (IEA), additionally mentioned that, regardless of stress, the UK ought to forgo…

Read More
A hard-won exclusive flies around the globe as IEA chief warns of jet-fuel shortages

A hard-won exclusive flies around the globe as IEA chief warns of jet-fuel shortages

Six weeks — that’s how lengthy Europe had earlier than working out of jet gas, in accordance with an exclusive report by Paris-based correspondent John Leicester that shortly reverberated around the world. Leicester secured uncommon entry to International Energy Agency Executive Director Fatih Birol after persistent outreach, beating out a whole lot of competing interview…

Read More
Oil and gas crisis from Iran war worse than 1973, ​1979 and 2022 together, says IEA | Energy industry

Oil and gas crisis from Iran war worse than 1973, ​1979 and 2022 together, says IEA | Energy industry

The oil and ‌gas crisis triggered by the blockade of the strait of Hormuz is “more serious than the ones in 1973, ​1979 and 2022 together”, the top of the International Energy Agency (IEA) has mentioned. Speaking as Donald Trump’s deadline for Iran to reopen the waterway approached, Fatih Birol instructed ⁠Le Figaro newspaper that…

Read More