International Energy Agency head says in the middle of first global energy crisis | Forexlive

International Energy Agency (IEA) head ( Executive Director) Dr Fatih Birol.

• Says the world is in the middle of the first truly global energy crisis.
• the decision from OPEC+ to cut output by 2mn bbl/day is a risky one, especially as several economies are on the brink of recession
• global LNG markets will tighten further in the next year as Europe’s imports will increase and demand from China may rebound

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Birol is gonna get an ‘attaboy’ from someone who has railed against the OPEC+ cut …