The oil crisis caused by the war in Iran has permanently changed the fossil fuel industry, prompting countries to move away from them in order to secure their energy supply, said the leading economist and energy expert, Fatih Birol. The Executive Director of the International Energy Agency (IEA) also said that, despite [...]
Even if the Straits of Hormuz reopen, energy market officials and analysts estimate that the industry will no longer be able to rely on them as in the past. For the Straits, there is no return to normality. Countries throughout the region are considering the construction, expansion or restoration of infrastructure that will bypass [...]
For about six weeks, Europe's fuel reserves arrive, the head of the International Energy Agency, Fatih Birol, warned in an interview with the Associated Press, pointing out that it may be possible «soon» There should be cancellations of flights if the blocking of energy supplies continues due to the US and Israel war with Iran. The [...]
The countries should «to prepare for difficult times» if the price of oil remains high due to the Middle East war, International Monetary Fund (IMF) Director General Kristalina Georgyeva said at a press conference she granted. War has accelerated price increases «We must prepare for difficult times» if the collision [...]
