Category: International Energy Agency

An Uncertain World Awaits the Reopening of the Strait of Hormuz

Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
Hoarding Is Driving Energy Prices Higher Everywhere

As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
European Airlines Face Fuel Shortages Within Weeks

If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
Trump’s Latest Oil Blockade Brings Bigger Economic Risks

Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
The Oil Shocks of the ’70s Changed the World. Will the Iran War Do the Same?

Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance.
Attacks on Energy Infrastructure Could Lead to Much Higher Prices

Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem

Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
How This Oil Supply Shock Compares to the Embargo of 1973

Governments have stockpiled oil, and cars are more efficient but the supply shock is global, and there’s no sense of when it’ll end.
Iran War Causing Largest Ever Oil Disruption, I.E.A. Says

Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure.
Why Oil Prices Surged Even After the Release of Strategic Reserves

Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked

The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
Japan and Germany Say They Will Release Oil

Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.