The International Energy Agency (IEA) has called on companies to deprive Russia of oil revenues through temporarily cutting their business flying by 40 per cent.
The IEA last week proposed 10-point plan to curb oil use. Alas, it’s unlikely that current U.S. regulators and political leaders. will provide any more than lip service to these and other long overdue measures.
Emergency measures can quickly cut global oil demand by 2.7 million barrels a day, said the International Energy Agency (IEA) in a new report, unveiling a 10-point plan to reduce the risk of a damaging supply crunch.
In the face of the emerging global energy crisis triggered by Russia’s invasion of Ukraine and the countervailing barrage of economic sanctions, the International Energy Agency (IEA) is proposing a 10-Point Plan to Cut Oil Use. IEA claims that its plan would lower oil demand by 2.7 million barrels a.
Emergency measures can quickly cut global oil demand by 2.7 million barrels a day, said the International Energy Agency (IEA) in a new report, unveiling a 10-point plan to reduce the risk of a damaging supply crunch.