The war started by America and Israel against Iran in the Middle East has put countries around the world in trouble. Energy crisis has arisen all over the world. The shortage of oil and natural gas has created an atmosphere of chaos. At the same time, now the International Energy Agency has issued a latest…
The International Energy Agency (IEA) on Wednesday praised India after the latter welcomed the agency’s decision to release 400 million barrels of oil from emergency reserves as tensions escalate over the US and Israel’s war in Iran, reuters reported. IEA’s Executive Director Fatih Birol said he is “pleased to read India’s supportive statement for IEA’s…
Crude oil prices continued to boil in Wednesday’s evening session as traders showed little regard for the International Energy Agency’s decision on 11 March to release the largest volume of emergency oil reserves in its history in an effort to counter the supply disruption caused by the closure of the Strait of Hormuz. Brent crude…
The International Energy Agency (IEA) on Wednesday (local time) announced that it will release 400 million barrels of oil from its emergency stockpile available to the market to address disruptions in the global energy markets stemming from the war in the Middle East. The 32-member organization said the decision to take this emergency action was…
The International Energy Agency (IEA) has proposed the largest ever release of crude oil from strategic reserves in its history, The Wall Street Journal reported on Tuesday, citing officials familiar with the matter. Energy officials from the IEA’s 32 member countries discussed the proposal at an emergency meeting amid the US-Israel war with Iran on…
The conflicting positions of US President Donald Trump and major European governments came to the fore at a meeting of the west’s most important energy forecaster. For the first time in nine years, the International Energy Agency — created by developed nations in the 1970s to oversee energy security — failed to release a communique…
