
World losing more barrels of oil a day than in two 1970s crises combined, says IEA chief
The head of the International Energy Agency is addressing Australia’s national press club now and says the public needs to understand the “depth of the problem” facing the globe. Fatih Birol starts by saying the situation is now “very serious”, more so than the two oil crises in 1973 and 1979, and more serious than the gas crisis sparked by Russia’s invasion of Ukraine.

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