Alert Upgraded! IEA: Oil losses in April will be twice that of March, with the impact surpassing the combined total of three historical crises.
Fatih Birol, Director of the International Energy Agency (IEA), warns that the energy crisis triggered by the Middle East war has become the most severe supply shock in history, surpassing the combined intensity of the two oil crises of the 1970s and the 2022 Russian gas supply cut, and the