The Mother Of All Energy Crises Is Just Beginning, IEA Warns — April Will Be 'Much Worse' [Yahoo! Finance]
streetTRACKS SPDR OIL EX (XOP)
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Source: Yahoo! Finance
‘Major, Major Disruption' In a recent interview on Norges Bank Investment Management's "In Good Company" podcast, IEA Executive Director Fatih Birol said the energy disruptions unleashed by the war have already outpaced previous oil shocks — and that the situation is deteriorating rapidly. "The next month, April, will be much worse than March," Birol cautioned, per CNBC, describing the current crisis as "potentially more disruptive" than the oil shocks of the 1970s. Don't Miss: Some of the biggest financial mistakes come from going it alone— this short quiz connects you with a vetted advisor who can offer a second opinion on your strategy Explore the Fire-Safe Energy Storage Company With $185M in Contracted Revenue He said the international oil market has lost an estimated 12 million barrels per day of supply — more than the combined impact of the 1973 Arab oil embargo and the 1979 Iranian Revolution. "When you look at [1973 and 1979], in both of them we lost each about
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