The world is experiencing its largest energy crisis in history, with oil prices exceeding $120 per barrel and significant disruptions affecting oil, gas, fertilizers, petrochemicals, and sulfur markets, creating major economic challenges for countries worldwide.
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IEA head Faith Birol reaffirms world facing biggest energy crisis in historyAñadido:
Almost 1 and 1/2 months ago, we stated as I uh that the world is facing the biggest energy crisis in the history.
And what is happening now uh shows that the uh the uh the unfortunately uh we were right. The oil markets, gas markets are going through big difficulties.
Oil prices now uh when I looked last time over 120 dollars, which is putting a lot of pressure on many countries.
In the In addition to oil and gas, fertilizers, which is very important for developing countries, petrochemicals, sulfur, they're all interrupted. So, our world is facing a major energy and uh economic uh challenge. And uh as International Energy Agency, we an organization that puts the energy security as the key topic.
We are following the monitoring the situation on a daily basis.
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