Category: International Energy Agency

Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms

The New York Times – Business:
A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
The Iran War Is Pushing Global Coal Use to Record Highs

The New York Times – On the Runway:
Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.
An Uncertain World Awaits the Reopening of the Strait of Hormuz

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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?

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.