International Energy Agency
IEA sees possibility of critically low oil stockpiles ahead of peak summer demand
Around half of the initial 400-million-barrel coordinated release from March is yet to hit the market
Iran war undermines trust in Hormuz transit: IEA’s director Birol
The double blockade by the US and Iran of the waterway affects more than energy markets, from farm inputs to air travel
Iran war to keep petrol market tight for two more years: IEA
The agency says this can result in a shortfall of 120 billion cubic metres of LNG between 2026 and 2030
Loss of energy output in Middle East due to Iran war will take about 2 years to recover: IEA chief
There were no new deliveries of oil, gas or fuels to Asian markets, said Fatih Birol
Oil, gas crisis triggered by Iran’s Hormuz blockade worse than 1973, 1979, 2022 together: IEA chief
Countries most at risk were developing nations which will suffer from higher oil and gas prices
Over 40 Middle East energy assets ‘severely damaged,’ IEA says
Asia is at the forefront of this crisis, because of its heavy reliance on crude from the region
Over 400 million barrels of emergency oil reserves to flow to global markets, starting with Asia immediately: IEA
Supply for Europe and the Americas will be made available from end-March
US to release 172 million barrels of oil for IEA relief plan
Crude, petrol, diesel and jet fuel prices have climbed dramatically since the US and Israel began their military campaign against Iran on Feb 28
Japan to release 80 million barrels of oil from reserves
Governments are seeking to contain a surge in energy prices driven by the Middle East war
Trump signals US will tap oil reserve to ease price shock
The Strategic Petroleum Reserve currently contains about 415 million barrels
