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The Latest Breaking News from Fatih Birol

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

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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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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

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.

International Business Times UK

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.

Euronews

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.

International Business Times 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

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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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Euronews

Europe has six weeks of jet fuel left caused by 'dire strait' crisis, IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

The Independent UK

Energy chief warns Europe could run out of jet fuel in six weeks

IN FULL

The Guardian - UK

Europe has only six weeks’ supply of jet fuel left owing to Iran war, says energy chief

There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA

The Independent UK

Energy chief warns of flight cancellations as Europe has just ‘six weeks of jet fuel left’

The International Energy Agency chief warned flight cancellations could begin ‘soon’ if oil supplies remain blocked

International Business Times

IMF Slashes Global Forecast Growth As a Result If Iran War But Sees Short-Lived Conflict

The International Monetary Fund (IMF) slashed its global forecast war as a result of the war in Iran and presented different scenarios based on the duration of the conflict.

International Business Times

IEA Head Says Current Oil Prices Don't Show Gravity Of Threat To Energy Markets Posed By Iran War

International Energy Agency head Fatih Birol said on Tuesday that current oil prices don't fully show the gravity that energy markets face as a result of the war in Iran and the Middle East in general.

Euronews

'The largest energy security threat in history' is about to push oil prices further up, IEA warns

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

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