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. (full story)