Category: International Energy Agency

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.
Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked

The New York Times – Business:
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

The New York Times – Business:
Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
G7 Countries Hold Off on Releasing Emergency Oil Supplies

The New York Times – Business:
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.