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International Energy Agency head says in the middle of first global energy crisis
International Energy Agency (IEA) head ( Executive Director) Dr Fatih Birol. • Says the world is in the middle of the first truly global energy crisis. • The decision from OPEC+ to cut output by 2mn 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.
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IEA'S BIROL: SEES HUGE MOMENTUM AROUND THE WORLD FOR HYDROGEN #News #Forex
— Capital Hungry (@Capital_Hungry) October 25, 2022
Added at 10:32pm
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IEA'S BIROL: NUCLEAR POWER MAKING A CLEAR AND STRONG COMEBACK
— First Squawk (@FirstSquawk) October 25, 2022