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The Latest Breaking News from Fatih Birol

EU To Downgrade Growth Forecast Due To 'Stagflationary Shock' From Iran War

The European Union will cut its growth forecast as a result of the "stagflationary shock" from the Iran war, its economy commissioner said.

International Business Times

Iran Says U.S. Offered Oil Sanctions Relief As Trump Warns "Clock Is Ticking"

A report from Iran's semi-official Tasnim News Agency that the United States has offered a temporary waiver on oil sanctions against Tehran briefly cooled global crude markets Monday, even as President Donald Trump warned Iran that time was running out to reach a broader peace deal.

Latin Times

Iranian Media Says U.S. Offered Temporary Waiver On Oil Sanctions Against Tehran

Iranian outlet Tasnim reported that the U.S. offered an interim waiver on oil sanctions against the country.

International Business Times

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Commercial Oil Inventories Depleting Rapidly With Only a Few Worth Left, IEA Head Says

Commercial oil inventories are being quickly depleted and there are only a few weeks worth left of them, International Energy Agency Fatih Birol warned.

International Business Times

IEA chief warns commercial oil inventories are depleting rapidly, only weeks left

International Energy Agency head Fatih Birol warned that commercial oil inventories are rapidly depleting, with only a few weeks of supply remaining due to the Iran war and Strait of Hormuz closure. Strategic reserve releases have provided temporary relief, but demand is increasing with seasonal shifts. The agency previously forecast…

The Economic Times

‘Climate solutions will bring down bills and restore nature’: green issues and May elections

As Reform vows to block solar and windfarms, energy leaders say renewables offer most secure future, insulating UK from hostile forces

The Guardian - UK

Could Santa Marta climate talks mark ground zero in push to ditch fossil fuels?

Colombia hosted nearly 60 countries at pivotal time on world stage for fight to transition to a clean energy future

The Guardian - UK

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Fuel Costs Soar for Air France-KLM as Middle East Conflict Triggers Urgent $2.4 Billion Budget Warning

European airline group Air France-KLM has raised prices as fuel costs surge amid the Iran war, while warnings from the International Energy Agency highlight fears Europe could face jet fuel shortages within weeks.

International Business Times UK

‘The damage is done’: global oil crisis has changed fossil fuel industry for ever, IEA chief says

Exclusive: International Energy Agency’s Fatih Birol, the world’s leading energy economist, also says UK should largely forgo North Sea expansion

The Guardian - UK

China Holds Largest Oil Stockpiles As Prolonged Iran War Raises Fears Of Global Supply Shock: Report

China's aggressive oil stockpiling surge ahead of the Iran war is reshaping global energy security dynamics as supply risks intensify in the Strait of Hormuz.

International Business Times

American Airlines says soaring price of jet fuel will cost it $4bn this year

Fuel crisis from Middle East conflict could push carrier into loss as it looks to offset costs with higher fares

The Guardian - UK

‘The biggest energy security threat in history’: IEA chief warns 13 million barrels a day are gone with no cure in sight

IEA chief Fatih Birol says the world is losing 13 million barrels of oil a day, more than the two 1970s oil crises combined.

Fortune

Nuclear energy is having a global revival 40 years after Chernobyl

The 1986 Chernobyl nuclear disaster fueled global fears about nuclear energy and slowed down its development in Europe and other regions

The Independent UK

World Experiencing Its Worst Energy Crisis In History Due To Iran War, IEA Head Says

The world is experiencing its worst energy crisis in history as a result of the Iran war, according to International Energy Agency head Fatih Birol.

International Business Times

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International Business Times

Air Canada Cuts U.S. Flights Amidst Rising Fuel Costs

Air Canada has suspended some of its U.S.-bound flights as a result of rising fuel prices.

International Business Times

Energy Output In Middle East Will Take About Two Years To Recover, IEA Chief Says

Energy output in the Middle East could take two years to go back to pre-war levels, according to the head of the International Energy Agency.

International Business Times UK

Europe Faces Jet Fuel Shortage Within Weeks, IEA Chief Warns

Europe is facing a fuel crisis due to the US-Iran conflict, with the closure of the Strait of Hormuz impacting supply and causing price surges.

Euronews

EU downplays jet fuel shortage risks despite IEA warning

EU officials and the International Energy Agency have contrasting narratives over jet fuel supply. While the European commission minimises the risk, it acknowledges that the market remains “tight” and says the EU is prepared to respond appropriately.

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International Business Times UK

Britain Is One of the Most Vulnerable Countries in Europe for Jet Fuel; IEA Says Flights Could Be Cancelled From May

Europe faces a jet fuel shortage, raising concerns about potential flight disruptions. The UK is particularly vulnerable due to its reliance on imported fuel and limited refining capacity.

International Business Times UK

Europe Is on the Brink With Only About Six Weeks of Jet Fuel Left: IEA Energy Chief Issues Dire Warning

Europe may face flight cancellations as jet fuel supplies dwindle due to the Iran conflict and Strait of Hormuz closure, warns the International Energy Agency.

The Independent UK

Fuel shortages? I’ve just had a flight cancelled – and I’m still not worried

TRAVEL INSIDER: In the latest Travel Insider newsletter, Simon Calder explains why rising fuel fears and early flight cancellations are unlikely to ground summer holidays – and how the EU’s entry-exit system is still causing headaches for travellers

The Independent UK

Europe only has six weeks of jet fuel supply left, energy chief warns

The energy boss warned summer holidays could be plunged into chaos if flights are cancelled

Evening Standard

Europe has six weeks’ supply of jet fuel left, energy boss warns

Fatih Birol, executive director of the International Energy Agency, warned there could be flight cancellations ‘soon’.

Evening Standard

Summer holidays alert: Flights face being cancelled as Europe 'runs out' of jet fuel in six weeks

‘Soon we will hear the news that some of the flights from city A to city B might be cancelled as a result of lack of jet fuel,’ says Fatih Birol, director of the International Energy Agency

International Business Times

Europe May Only Have Six Weeks Of Jet Fuel Left As Iran Conflict Continues To Disrupt Supplies

Continued risks to Middle East fuel shipments are raising fears of flight cuts and wider disruption across Europe's aviation sector.

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