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The International Energy Agency (IEA) and other organizations have issued urgent warnings that Europe could run out of jet fuel within six weeks. This potential shortage is a primary concern for the EU, prompting discussions about emergency plans.
The International Energy Agency (IEA) is currently discussing the possibility of further oil stock releases, according to its executive director Fatih Birol.
Fatih Birol, the executive director of the International Energy Agency, does not rule out another release of part of the member states' strategic oil reserves to ease prices.
The Executive Director of the International Energy Agency (IEA), Fatih Birol, stated in Brussels that there is "a lot of oil" on the markets due to an "enormous surplus," in p
Fatih Birol warns that climate change is ‘moving down the international policy agenda’
Fatih Birol, Director of the International Energy Agency (IEA), stated that the current energy crisis surpasses those of 1973, 1979, and 2022 combined, attributing its severity to an ongoing war with Iran.
IEA chief Fatih Birol has repeatedly warned that the Middle East war could trigger the world's worst energy crisis in decades, potentially combining two oil crises and a gas market collapse. The agency continues discussions on releasing additional oil reserves to mitigate the situation.
Fatih Birol warned that both politicians and financial markets are underestimating how severely the region's energy infrastructure has been disrupted.
Fatih Birol, Executive Director of the International Energy Agency, warned that turning back to Russia for gas supplies would be economically and politically wrong.
The International Energy Agency is assessing whether more barrels need to be released from its reserves, Fatih Birol said
President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
The International Energy Agency's Secretary-General, Fatih Birol, announced that member countries' oil reserves are still sufficient and that additional releases could be made if necessary, following a record-breaking release agreement.
From a 13-month contract at the International Energy Agency (IEA) in 1995 to leading the institution that world leaders now consult for guidance, Fatih Birol plays a dominant role...