Raised concerns about fuel shortages in Europe and abroadThe global energy crisis could be exacerbated in the coming months. The International Energy Agency warned at this week's event.
"The world has never witnessed such a major energy crisis in terms of its depth and complexity," said Fatibilol, Managing Director of the IEA, on Tuesday in Sydney, Australia. Said at the event.
"You may not have seen the worst yet. This is affecting the whole world," he added, according toBloomberg.
Birol pointed out that Russia's invasion of Ukraine has exacerbated pressure on the global energy markets, which had already struggled to meet the surge in demand during the pandemic era.
The war has disrupted fuel transport and created new challenges in Europe. In Europe, despite its heavy reliance on Russia's oil and gas transportation, many countries are trying to put economic pressure on Russia through sanctions.
Fear of a spiral energy crisis has increased this week after Russia closed a major natural gas pipeline for 10 days of maintenance. German and French officials have warned that the Kremlin will extend the closure indefinitely in retaliation for sanctions, which could lead to a serious shortage in Europe.
"This winter in Europe will be very difficult," Birol added. "This is a major concern and it can have serious implications for the global economy."
Birol is Russian oil to limit its negative impact on the global economy. Proposed a plan among Western allies to set a price cap onReuters.
The energy crisis has extended to the United States, with gasoline prices skyrocketing this year, hitting record highs alongside oil prices in excess of $ 100 a barrel.
Gas costs are important for expected June inflation It's an input. According to economists surveyed by Dow Jones, it will reach 8.8%, the highest level in decades.
Earlier this year, Birol warnedabout a potential fuel shortage in the United States this summer, which could rival the oil crisis of the 1970s.
"At that time, there was only oil," Virol said in May. "Now we have an oil crisis, a gas crisis, and a power crisis at the same time."
