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The Latest Breaking News from Fatih Birol

Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

The Guardian - AU

‘This is about survival’: will Cop27 bring action on Glasgow climate pact?

Six months from Cop27, climate advisors warn talks must follow through on plans made in Glasgow to limit global heating to 1.5C

The Guardian - UK

Climate chaos certain if oil and gas mega-projects go ahead, warns IEA chief

Fatih Birol says ‘carbon bombs’, revealed in Guardian investigation, will not solve global energy crisis

The Guardian - UK

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Nations 'united' in seeking to cut Russian oil, gas imports

Dozens of nations, including the United States and much of Europe, say they're united in seeking to “radically” reduce imports of Russian oil and gas after its invasion of Ukraine

The Independent UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Ban on Sunday driving, car sharing and speed limit cut among 10-point plan to tackle oil crisis

"The world may well be facing its biggest oil supply shock in decades"

Nottingham Post

Cars could be banned on Sundays and speed limits slashed as oil crisis continues

The plan is aimed to limit the UK's reliance on Russian oil as invasion of Ukraine continues

Leeds Live

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Oil crisis plan could see Sunday driving banned and motorway speed limit cut to 64mph

It comes ahead of the Chancellor’s Spring Statement in which fuel duty is tipped to be cut by 5p a litre

Liverpool Echo

International Energy Agency To Draw Up Plan To Cut Oil Usage As Prices Surge: Reuters

The International Energy Agency (IEA) head says they could plan to release more oil from stocks to ease surging fuel prices and would draw up an action plan to reduce oil usage swiftly, reported Reuters. After Russia invaded Ukraine, oil prices spiked higher, and the West toughened sanctions on Moscow, stirring fears…

Benzinga

Ukraine crisis could be ‘historic turning point' for European energy, IEA chief Birol says

The head of the International Energy Agency, Fatih Birol, has said the crisis in Ukraine could be a "historic turning point" in how European countries source their energy. Speaking to FRANCE 24 on Wednesday, before the Russian invasion of Ukraine, Birol noted that supplies of Russian gas to Europe had…

France 24

Putin’s Ukraine threats may backfire on Russia, says energy chief

Cutting gas supply to Europe would damage Russia’s reputation and cause EU to shift away, says head of IEA

The Guardian - UK

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