At least six months needed to restore oil supplies from Gulf - report
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.
Fatih Birol
IEA could release more oil stocks
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.
IEA chief: world witnessing biggest energy crisis in history
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 …
World is in its 'first global energy crisis'
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 …
IEA: unprecedented energy crisis looming over Europe
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 new gas discovery production targeted for 2023
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 …
IEA makes suggestions to balance oil market
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 …
IEA head assesses G20 role in boosting market stability
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. …
IEA does not expect 'huge increase' in crude prices
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 …
IEA: U.S. shale oil growth underestimated
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, …
IEA executive director to visit Baku in autumn
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 …
IEA: oil production to fall, oil prices to go up
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.
IEA predicts decrease in Russian oil output
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. …