Home Briefs Stories
More
Explore Browse Topics
← Briefs Stories
Brief World 3 sources • Published 1 week ago

IEA chief warns energy crisis worse than 1970s oil shocks

Fatih Birol, the International Energy Agency’s executive director, has said the energy crisis is “very severe” and that the global economy is “facing a major, major threat.” The situation, he said, is worse than the two consecutive oil crises in 1973 and 1979, in which the world lost about 10 million barrels of oil per … The post IEA chief warns energy crisis worse than 1970s oil shocks appeared first on Egypt Independent. Energy crunch prompted by Iran war poses ‘major threat’ to global economy, Fatih Birol says.
B TodayInBrief
Key Points
  • Fatih Birol, the International Energy Agency’s executive director, has said the energy crisis is “very severe” and that the global economy is “facing a major, major threat.” The situation, he said, is worse than the two consecutive oil crises in 1973 and 1979,... S1
  • Energy crunch prompted by Iran war poses ‘major threat’ to global economy, Fatih Birol says. The world is facing a worse energy crisis than the twin oil shocks of the 1970s and the fallout of the Ukraine war combined, the head of the International Energy Agenc... S2
  • Fatih Birol says world is losing 11m barrels of oil per day, more than the 1973 and 1979 energy shocks combined; IRGC threatens to completely close strait of Hormuz if Trump acts on infrastructure threatsIran vows to destroy Middle East water and energy facili... S3
Related live story
See the story coverage behind this brief.
Open story →