The ongoing military conflict in the Middle East led to an energy market shock and created the biggest energy crisis compared to all previous global energy crises combined, head of International Energy Agency (IEA) Fatih Birol said.
One of the consequences of the Middle East conflict and the crisis around the Strait of Hormuz could be a reshaping of the global energy map, head of the International Energy Agency (IEA) Fatih Birol said.
The recovery of oil supplies from the Persian Gulf may take at least six months, head of the International Energy Agency (IEA) Fatih Birol said.
The International Energy Agency's member countries could release more oil into the market from strategic stockpiles "as and if needed" after they agreed the largest-ever reserves release last week to offset shortages and a spike in prices, IEA executive director Fatih Birol said.
The world is witnessing the biggest energy crisis ever recorded in history, especially after Russia’s invasion of Ukraine, according to Fatih Birol, executive director of the International Energy Agency. Speaking at the World …
Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of "the first truly global energy crisis", head of the International Energy Agency (IEA) Fatih …
Europe could face fuel shortages this summer due to squeezed oil markets, the head of the International Energy Agency, Fatih Birol, told Germany's Spiegel. "When the main holiday season starts in Europe and the U.S., fuel …
Turkey’s giant offshore natural gas discovery of 320 billion cubic meters (bcm) in the Black Sea is worth $80 billion in line with current price trends, the International Energy Agency's (IEA) head Fatih Birol said. The …
Executive director of the International Energy Agency (IEA) Fatih Birol said the recent OPEC+ supply cut was a "solid start" and urged oil producer countries to consider even deeper cuts. "We continue to see …
G20 could play a leading role in boosting market stability, executive director of the International Energy Agency Fatih Birol said after the call with Canada's Minister of Natural Resources Seamus O'Regan. …
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director Fatih Birol said Electric …
Shale oil's impact will have "huge implications" for global energy markets for many years, executive director at the International Energy Agency Fatih Birol said at the World Economic Forum in Davos, …
Executive director of the International Energy Agency (IEA) Fatih Birol will visit Baku in September, Azerbaijan’s Energy Ministry said. The information was announced at the meeting of Azerbaijani energy …
World oil prices increased today due to the statement by the Executive Director of the International Energy Agency (IEA), Fatih Birol, that the organization this year expects the biggest decline in non-OPEC oil supply in the last 25 years, almost 700,000 barrels per day. Low oil prices had cut investment by about 40% in the past two years, with sharp declines in the United States, Canada, Latin America and Russia, The New York Times cited Birol as saying.
The largest decrease in oil output in the next six years among non-OPEC countries is expected in Russia, the Executive Director of the International Energy Agency (IEA) Fatih Birol informed at CERA WEEK in Houston. …
