IEA’s Birol: World is in the middle of the first truly global energy crisis Energy Oil WTI Commodities
International Energy Agency Chief Fatih Birol said on Tuesday that “the world is in the middle of the first truly global energy crisis.”The decision from OPEC+ to cut output by million bbl/day is a risky one, especially as several economies are on the brink of recession.
Global LNG markets will tighten further in the next year as Europe's imports will increase and demand from China may rebound.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kazakhstan among top 3 Bitcoin mining destinations after US and ChinaThe International Energy Agency (IEA), co-funded by the European Union, highlighted Kazakhstan’s heavy reliance on non-renewable energy.
Read more »
Hackers breach Iran’s atomic energy agency, protests persistAn anonymous hacking group claimed responsibility for the attack on Iran’s Atomic Energy Organization, demanding Tehran release political prisoners arrested in the recent nationwide protests
Read more »
Thousands protest in Germany demanding solidarity in energy reliefTens of thousands of protesters in six German cities gathered on Saturday to demand a more just distribution of government funds to deal with rising energy prices and living costs and a faster transition away from fossil fuels.
Read more »
Biden says he hopes voters focus on 'energy level,' not age if he runs in 2024If elected, Biden would be 86 at the end of a second term.
Read more »
From copper to cybersecurity, Goldman Sachs picks less obvious stocks to play the clean energy trendGoldman Sachs has identified four 'critical' sectors within clean energy, beyond the usual suspects.
Read more »
Oil could rise or fall — and these energy stocks are winners either way, portfolio manager saysFoord Asset Management's Brian Arcese shares a 'great way' to play the energy sector.
Read more »