International Energy Agency warns of fuel supply problems in Europe for summer

Executive Director International Energy Agency (IEA), Fatih Birol warned that Europe is facing a summer season with most likely problems in the winter season. all kinds of fuel supplydue to current supply problems and high prices.

“When the main summer season begins in Europe and the United States, fuel demand will increase. Y then there may be bottlenecks with diesel for example, gasoline or kerosene, especially in EuropeBirol warned in an interview with German media outlet Der Spiegel.

He is the head of the IEA, an organization that brings together crude oil-consuming countries and some producers. United Kingdom, United States or NorwayHe warned that crude oil markets would be in a tense state during the summer months.

On the other hand, Birol explained. European countries are particularly vulnerable to oil supply problems as they are not solely dependent on crude oil.but at the same time Imports of derived and refined products. “Some countries like China are implementing initial export bans, they want to protect their own consumers,” he warned.

In this sense, the director of the IEA thinks that a “much bigger” crisis is approaching than the oil crisis of the 70s, which emerged after OPEC’s decision to embargo oil exports to certain countries as a result of the Yom Kippur war. Birol explained that fifty years ago, there was only the oil crisis, but now it is the joint crisis of oil, natural gas and electricity.

Source: Informacion


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