Fatih Birol proposals for high energy prices – Artifex.News https://artifex.news Stay Connected. Stay Informed. Fri, 20 Mar 2026 06:43:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://artifex.news/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png Fatih Birol proposals for high energy prices – Artifex.News https://artifex.news 32 32 Work from home, avoid air travel to deal with higher energy prices: International Energy Agency https://artifex.news/article70764451-ece/ Fri, 20 Mar 2026 06:43:00 +0000 https://artifex.news/article70764451-ece/ Read More “Work from home, avoid air travel to deal with higher energy prices: International Energy Agency” »

]]>

International Energy Agency Executive Director Fatih Birol. File
| Photo Credit: Reuters

The International Energy Agency (IEA), which this month agreed a record ​release of oil from strategic stockpiles to deal ‌with the effects of the U.S-Israeli war ​with Iran, outlined on Friday ⁠(March 20, 2026) proposals to ease oil price pressures on consumers, such as working-from-home and avoiding air travel.

Iran-Israel war LIVE: Kuwait’s Mina Al-Ahmadi refinery hit by drone attack, fire breaks out

The U.S-Israel war ‌with Iran has driven up energy prices, causing concerns over inflation ‌across the world. The IEA said its ‌proposals ⁠were actions that governments, businesses and ⁠households could take to ease the pain on consumers from the recent spike up in energy prices.

The ​IEA said such ‌proposals included working from home, reducing highway speed limits by at least 10 km per hour, and avoiding air travel ‌if other means of transport were available.

Editorial | ​Fire and fury: On the ill-conceived war on Iran

“We ​have recently launched the largest ever release of IEA emergency oil stocks – ⁠and I am in close contact with key governments around the world, including major ‌energy producers and consumers, as part of our international energy diplomacy,” said IEA executive director Fatih Birol in a statement.

“In addition to this, today’s report provides a menu of immediate and concrete measures ‌that can be taken on the demand side by ​governments, businesses and households to shelter consumers from the impacts of this ⁠crisis,” added Mr. Birol.

The IEA agreed on March ⁠11, 2026 to release a record 400 million barrels of oil from strategic ‌stockpiles to combat the spike in global crude prices, with the U.S. contributing ​the bulk of the supply.



Source link

]]>