17 articles
IEA Chief Fatih Birol reaffirmed global electrification priorities despite AI investment concerns, noting 61% of energy investment now targets electricity. He launched a new Asian energy security part
IEA Chief Fatih Birol stated no second strategic oil reserve release is planned, citing 80% remaining stocks. He also warned of European gas reserve challenges, currently at 62% versus an 80% winter t
IEA Executive Director Fatih Birol warned that global energy security is at risk if the Strait of Hormuz remains blocked, noting that while US production and stockpiles have helped, the situation rema
IEA Executive Director Fatih Birol warns that ongoing conflict in the Strait of Hormuz threatens global shipments of oil, fertilizer, and natural gas. Vulnerable economies such as Bangladesh, Pakistan
IEA Executive Director Fatih Birol urged the EU to lift its Arctic oil and gas drilling moratorium to boost energy security. While Norway supports the move, some investors oppose it due to environment
IEA Chief Fatih Birol predicts the Iran energy crisis will accelerate global electrification as nations seek energy security and protection from fossil fuel price shocks.
IEA Chief Fatih Birol warns that declining oil inventories combined with rising summer demand could push the global market into a "red zone," risking severe price volatility and economic shocks.
IEA Chief Fatih Birol warns the oil market risks entering a critical 'red zone' in July-August due to peak demand and depleting stocks. The agency stands ready to coordinate further strategic reserve
IEA Executive Director Fatih Birol warned that commercial oil inventories are depleting rapidly amid geopolitical tensions. He noted spikes in fertilizer and diesel prices could significantly impact f
IEA Executive Director Fatih Birol warns that prolonged closure of the Strait of Hormuz permanently damages trust in global energy trade, citing devastating economic consequences from geopolitical uph
IEA Executive Director Fatih Birol urges Canada to accelerate energy project approvals and exports following a global supply shock linked to the Iran conflict. He warns regulatory delays risk missing
IEA head Fatih Birol warns global energy markets face volatility due to Iran conflict disrupting oil supplies, urging Canada to seek new trade partners. The agency stands ready to release strategic re
IEA Head Fatih Birol stated the world faces its biggest energy crisis due to Iran conflict, noting oil prices over $120 and Brent crude hitting a four-year high amid market difficulties.
IEA Chief Fatih Birol warns that geopolitical conflicts have triggered the world's most severe energy crisis, prompting member nations to coordinate a record 400-million-barrel release of strategic pe
IEA Executive Director Fatih Birol warns oil and gas production recovery could take up to two years due to conflict damage in the Persian Gulf, impacting global supply and energy-importing economies.
IEA Chief Fatih Birol warns Middle East oil and LNG disruptions will worsen in April, causing diesel and jet fuel shortages in Europe. These shortages threaten industrial production and logistics whil
The International Energy Agency confirmed 32 members agreed to release 400 million barrels of strategic oil reserves amid supply tensions from Middle East conflicts. IEA Chief Fatih Birol noted furthe
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