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FATIH BIROL
World faces biggest-ever energy security crisis as Iran war disrupts fuel flows, warns IEAThe world faces an unprecedented energy security crisis, forcing nations to seek new supply routes and boost domestic production. The Inter...- Oil Price Today (May 22): Crude oil snaps 3-day fall amid mixed signals on Iran war peace talks. What are experts saying?Oil prices saw an increase on Friday. Investors are watching Iran peace talks closely. Conflicting reports are creating uncertainty. Concer...
- Iran war rapidly wiping out the world’s oil stockpile cushionGlobal oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels dai...
- Record oil draw from US emergency reserve drives total volumes to two-year lowThe U.S. Department of Energy said a record 9.9 million barrels of oil were released from the U.S. Strategic Petroleum Reserve last week, r...
- Crude above $110 rattles Dalal Street; rupee sinks to lifetime lowIndian markets experienced volatility on Monday. The rupee hit a new all-time low against the dollar. Bond yields rose significantly. Techn...
- Oil falls over 2% as Trump holds off scheduled attack on IranOil prices dipped as President Trump paused an Iran attack for talks, easing immediate tensions. Brent and WTI futures saw declines. Analys...
- IEA chief warns commercial oil inventories are depleting rapidly, only weeks leftInternational Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply ...
- Summer flights get costlier worldwide as jet fuel crisis and oil supply disruptions hit airlines hardAir travel may become costlier this summer as airlines face rising fuel prices and supply problems. Many carriers are cutting flights and i...
- Iran activates air defences as Trump faces congressional deadlineTehran's air defenses were activated late Thursday to counter small aircraft and drones, as the White House signaled it would not be constr...
- Oil price shock from West Asia conflict accelerating shift to renewables: UNFossil fuel advocates have unwillingly given a boost to renewable energy as the war in the Middle East has triggered an oil price shock, UN...
- Loss of energy output in Middle East will take about two years to recover, IEA saysEnergy output in the Middle East will take about two years to recover from conflict losses. Fatih Birol, head of the International Energy A...
- Jet fuel supplies are lagging. What does that mean for airlines and travelers?A looming jet fuel shortage in Europe and Asia, triggered by the Iran war and the closure of the Strait of Hormuz, could significantly disr...
- Europe has 'maybe 6 weeks of jet fuel left', energy agency head warnsEurope faces a critical shortage of jet fuel, with only about six weeks of supply remaining, according to the IEA head. The ongoing Iran wa...
- Europe may run out of jet fuel in 6 weeks: Why IEA warns Europe could face flight chaos as Iran war sparks a global energy crisisEurope jet fuel shortage: Europe faces a potential six-week jet fuel shortage due to ongoing supply blockages from the Iran war, raising co...
- Indian LPG vessel Jag Vikram docks at Kandla after Strait of Hormuz transit, first Indian ship through since US-Iran ceasefireThe Indian LPG tanker Jag Vikram became the first Indian vessel to cross the Strait of Hormuz since the US-Iran ceasefire, highlighting cau...
- IMF, World Bank, IEA urge countries to stop hoarding energy supplies, imposing export controlsLeaders are appealing for energy stocks to flow freely to markets. Countries facing severe impacts are being consulted on supply concerns.
- Oil prices fall as US-Iran dialogue hopes ease supply concernsOil prices dropped as talks between the U.S. and Iran offered hope for de-escalation. This eased worries about supply disruptions from the ...
- Current oil and gas crisis worse than 1973, 1979, 2022 together, says IEA chiefThe oil and gas crisis triggered by Iran’s blockade of the Strait of Hormuz is more severe than the crises of 1973, 1979 and 2022 combined,...
- Global economy under 'major threat' from Strait of Hormuz crisis: IEA chiefThe global economy is under major threat from the ongoing energy crisis. The Middle East war has severely damaged energy assets. Oil prices...
- IEA may release more oil if needed, says executive directorThe IEA said separately on Thursday that the world will not be left short of oil even with lower output from sanctions-hit Russia.
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