News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
IEA Warns Oil Supply Shortage Will Worsen This Mth, Aviation Fuel Scarcity Will Spill Over Into Europe
The oil supply shortage will further intensify this month, said Fatih Birol, executive director of the International Energy Agency (IEA).Before the outbreak of war, there had alrea...
Reset
Send
The window will close in 5 seconds
IEA Warns Oil Supply Shortage Will Worsen This Mth, Aviation Fuel Scarcity Will Spill Over Into Europe
Close
Recommend
8
Positive
2
Negative
3
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

The oil supply shortage will further intensify this month, said Fatih Birol, executive director of the International Energy Agency (IEA).

Before the outbreak of war, there had already been some vessels carrying oil and natural gas passing through the Strait of Hormuz, Birol said. Those ships were still en route to various ports last month, but no such cargoes have arrived at ports this month, meaning that the oil shortage will be twice that of last month.

Related NewsPersonal Spending MoM for Feb in United States is 0.4%, unchanged from its last period. The forecast was 0.5%.
Shortages of other energy sources like liquefied natural gas (LNG) will also exacerbate inflation and weigh on economic growth in many countries, particularly emerging economies, Birol added. Many countries may soon have to implement energy rationing. At present, the most pressing issue is the shortage of aviation fuel and diesel. Such conditions have already been observed in Asia and may spread to Europe this month or early next month.

Auto-translated by AI
View Original Text

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.