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<ul class="summary-list"><li><keyword id="11897120" type="UNKNOWN" weightage="60" keywordseo="europe" source="Orion">Europe</keyword> would have to curb its natural <keyword id="11955852" type="UNKNOWN" weightage="60" keywordseo="gas" source="Orion">gas</keyword> use by up to 30% if Russian flows stop completely, the IEA's chief told Bloomberg.</li><li>Fatih Birol's comments come as Europe races to shore up gas reserves before winter arrives.</li></ul>Europe should be prepared to curb its natural gas consumption by up to 30% if <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> completely halts flows, the International Energy Agency's chief said Tuesday.<a href="https://www.bnnbloomberg.ca/europe-must-be-ready-to-cut-gas-use-by-30-in-winter-iea-says-1.1784985"></a><a href="https://www.bnnbloomberg.ca/europe-must-be-ready-to-cut-gas-use-by-30-in-winter-iea-says-1.1784985">IEA Executive Director Faith Birol told Bloomberg</a> that Europe must prepare for such cuts as countries shore up reserves ahead of the winter months."Depending on its timing, a complete cut-off of Russian gas supplies to <keyword id="11911313" type="UNKNOWN" weightage="60" keywordseo="eu" source="Orion">Eu</keyword>rope could result in storage fill levels being well below average ahead of the winter, leaving the EU in a very vulnerable position," Birol said in emailed comments to Bloomberg. "In the current context, I wouldn't exclude a complete cut-off of gas exports to Europe from Russia."He said lowering consumption should first start with industry usage and households to reach storage goals. For now, the European Union's storage filling is on pace to reach 90% capacity by November 1. But if Russia halts its gas exports completely, that could fall to 75%, according to Bloomberg.Birol's comments come as Russia has already taken steps to limit supplies. Earlier this month, Russia cut gas flows to Germany via the Nord Stream pipeline by 60%.And a complete cutoff would push gas prices to "significantly higher" levels, Birol added. The European benchmark has tripled from a year ago as the West and EU move away from Russian flows in response to its invasion of <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>. Last week, German Economy Minister Robert Habeck declared the country is now in the <a href="https://markets.businessinsider.com/news/commodities/natural-gas-prices-germany-europe-alarm-stage-russia-supplies-economy-2022-6">"alarm" phase of its gas emergency plan</a>, signaling that businesses and households need to cut down on consumption and that the government foresees long-term risk of supply shortfalls. Germany has exited the early-warning level and could potentially move into the third and final phase of the plan, the emergency level.

A complete Russian gas cutoff would force Europe to slash consumption by up to 30%, says IEA chief

<ul class="summary-list"><li><keyword id="11897120" type="UNKNOWN" weightage="60" keywordseo="europe" source="Orion">Europe</keyword> could face a tough winter of energy <keyword id="14148283" type="UNKNOWN" weightage="60" keywordseo="rationing" source="Orion">rationing</keyword> if efficiency doesn't improve, the IEA's executive director said.</li><li>"I wouldn't exclude the rationing of natural gas in Europe, starting from the large industry facilities," <keyword id="14148282" type="UNKNOWN" weightage="60" keywordseo="faith-birol" source="Orion">Faith Birol</keyword> told the Financial Times.</li></ul>Europe may need to ration its energy supply if efficiency doesn't improve and demand doesn't cool, the International Energy Agency's executive director warned.If winter weather is harsh and drags on while demand in China ramps up as COVID lockdowns continue easing, then rationing is on the table unless energy efficiency starts improving quickly, Faith Birol told the <a href="https://www.ft.com/content/078e2d50-f161-4257-8364-c80b5bfecc7f">Financial Times</a>."I wouldn't exclude the rationing of natural gas in Europe, starting from the large industry facilities," he said.Birol suggested better efficiency, renewable sources, and "making the most of existing" energy supplies would help ensure energy security, rather than starting newer and bigger fossil fuel projects. The warning comes as Germany and Austria have also sounded the alarm over energy supplies in recent weeks, with Berlin saying that parts of large industrial businesses could be subject to a shut-off if the situation tightens. Meanwhile, the US and EU are looking to choke off <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword>'s energy exports, even as European countries rely more heavily on Russia's supply of gas for its energy grid. While the <a href="https://markets.businessinsider.com/news/commodities/us-gas-exports-to-europe-overtake-asia-russian-supply-energy-2022-6">US has emerged as a top alternative source for Europe</a>, concern is mounting that the Kremlin is using natural gas as a weapon to punish countries that have supported <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>'s defense efforts.Russia has already cut off countries including Bulgaria, Finland and Poland for not paying Moscow in rubles, as President Vladimir Putin has demanded. Other countries are feeling the energy crunch too and have already taken steps to ration. <a href="https://timesofindia.indiatimes.com/world/pakistan/pakistan-trims-working-week-by-a-day-to-help-fix-energy-crisis/articleshow/92078088.cms">Pakistan is trimming Saturday from its work week</a> to address <keyword id="12040003" type="UNKNOWN" weightage="60" keywordseo="energy-consumption" source="Orion">energy consumption</keyword> concerns that have set off blackouts and is considering making Friday a mandatory work-from-home day, Bloomberg reported.

Natural gas rationing may come to Europe this winter unless energy efficiency starts improving quickly, IEA chief warns

<ul class="summary-list"><li>Pivoting natural gas exports to Asia from Europe won't be easy for Russia, IEA chief Fatih Birol said. </li><li>He predicted it would take at least 10 years as new pipelines and other infrastructure need to be built.</li></ul>Russia's plan to replace its natural gas customers in Europe by exporting more to customers in Asia will take years, according to International Energy Agency Executive Director Faith Birol. In an interview with the <a href="https://www.ft.com/content/751bb231-2dd1-4c33-85ec-9465f3ce85fe">Financial Times,</a> he said, "You are not selling onions in the market. You have to build pipelines, infrastructure, logistics. This will take at least 10 years."Birol added that Russia will have trouble keeping up its energy production as sanctions block Western technology and capital that's required to repair oilfields and gasfields.While the Kremlin's cuts to gas flows to Europe have sparked a full-blown energy crisis for the continent, he said Russia has "already lost the energy battle" against Europe, which is looking for alternative suppliers."Russia has lost a good client, and forever. This client paid the money on time and didn't create any political problems," Birol said.But Europe's energy crisis could threaten unity amongst EU members, he warned, saying he feared "a wild west scenario" in which countries restrict trade or stop cooperating in order to secure their own supplies for the winter."The implications will be very bad for energy, very bad for the economy, but extremely bad politically," Birol told the FT on the sidelines of the Global Clean Energy Action Forum in Pittsburgh. "If Europe fails this test in energy, it can go beyond energy implications."

IEA chief trashes Russia's plan to switch gas exports to Asia from Europe, saying it will take at least 10 years - 'You're not selling onions'

<ul class="summary-list"><li>European nations need to act now to prevent an energy crisis, IEA chief Faith Birol said.</li><li>Birol outlined five actions the EU could take in advance, such as lowering energy demand.</li></ul>There are five things the European nations can do to avoid an energy crunch, <a href="https://www.iea.org/commentaries/coordinated-actions-across-europe-are-essential-to-prevent-a-major-gas-crunch-here-are-5-immediate-measures">International Energy Agency Executive Director Fatih Birol said in a note Monday</a>.Alarms have been growing across Europe that Moscow is withholding energy supplies as retaliation against <keyword id="13285811" type="UNKNOWN" weightage="60" keywordseo="western-sanctions" source="Orion">Western sanctions</keyword> that were imposed after <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> invaded Ukraine. Deliveries via the <keyword id="13275169" type="UNKNOWN" weightage="60" keywordseo="nord-stream" source="Orion">Nord Stream</keyword> 1 pipeline were slashed last month and stopped completely last week for annual maintenance, with expectations that they will not return."Europe is now forced to operate in a constant state of uncertainty over Russian gas supplies, and we can't rule out a complete cut-off," Birol said. "In my view, it is much better to take steps now to prepare for winter than to leave the well-being of hundreds of millions of people and European economies at the mercy of the weather or, even worse, to give unnecessary extra leverage to President Vladimir Putin of Russia."Although some countries have already taken measures to reduce consumption, he noted that approximately 12 billion cubic meters of gas needs to be saved over the next three months while non-Russian sources can't make up for a cut-off from Moscow.The IEA chief outlined five actions Europe needs to take immediately as gas storage facilities must be 90% full to get though the winter after a cut-off from Russia:<ul><li>First, Birol said industrial gas users could take measures to limit their consumption, such as by <a href="https://markets.businessinsider.com/news/commodities/natural-gas-prices-germany-europe-alarm-stage-russia-supplies-economy-2022-6">auctioning off gas through a bidding process</a>, which Germany has already piloted.</li><li>Second, EU could also take similar measures within the power industry, by temporarily deploying coal, oil, nuclear energy, and other fuel sources in lieu of <keyword id="6354703" type="UNKNOWN" weightage="60" keywordseo="natural-gas" source="Orion">natural gas</keyword>.</li><li>Third, European gas and electricity plants could coordinate to implement more efficient energy operations. </li><li>Fourth, European governments should launch campaigns to encourage households to conserve energy by setting cooling standard. Those PSAs have been successful in the past, potentially reducing energy consumption by a few percent in the short-term, according to the IEA.</li><li>Lastly, the EU needs to develop an emergency plan on a continent- and country-wide level, coordinating together on how to get past this winter's energy crisis. </li></ul>"If these types of measures are not implemented now, Europe will be in an extremely vulnerable position and could well face much more drastic cuts and curtailments later on," Birol said.

Here are 5 things that can be done to avert an energy crisis in Europe, according to the IEA

<ul class="summary-list"><li><keyword id="11892705" type="UNKNOWN" weightage="60" keywordseo="germany" source="Orion">Germany</keyword> seized three <keyword id="13275170" type="UNKNOWN" weightage="60" keywordseo="gazprom" source="Orion">Gazprom</keyword> liquefied natural gas ships on Wednesday, the Telegraph reported.</li><li>The move comes after Berlin took control of Gazprom's German subsidiary in April.</li></ul>Germany took control of three Gazprom liquefied natural gas tankers Wednesday, <a href="https://finance.yahoo.com/news/ftse-100-markets-live-news-063525745.html">the Telegraph reported</a>, as Europe faces an energy crisis and the prospect of rationing later this year.Dynagas LNG Partners said that Germany's control of the ships would continue "for an indefinite period of time." Two of the ships, the Armur River and the Ob River, were chartered by Gazprom until 2028. The third ship, Clean Energy, was originally under Gazprom control until 2026.The move comes after Germany took control of Gazprom's German unit in April to ensure energy supplies after <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> invaded <keyword id="11985141" type="UNKNOWN" weightage="60" keywordseo="ukraine" source="Orion">Ukraine</keyword>. Gazprom Germania has since been renamed Securing Energy for Europe.Germany is racing to store up energy supplies ahead of cold winter months as Russia slashes natural gas deliveries.Last week, <a href="https://markets.businessinsider.com/news/commodities/europe-energy-crisis-germany-russia-gas-pipeline-nord-stream-2-2022-6">Berlin considered expropriating</a> portions of Russia's Nord Stream 2 pipeline that are in German territory and repurpose them for an LNG terminal. Liquefied natural gas, especially sourced from the US, has been in high demand as Europe looks for alternatives to Russian energy. But the situation in Europe remains dire. Last Thursday, <a href="https://markets.businessinsider.com/news/commodities/natural-gas-prices-germany-europe-alarm-stage-russia-supplies-economy-2022-6?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">German Economy Minister Robert Habeck declared the country is now in the "alarm" phase</a> of its gas emergency plan, signaling that businesses and households need to cut down on consumption and that the government foresees long-term risk of supply shortfalls. And on Tuesday, <a href="https://www.bnnbloomberg.ca/europe-must-be-ready-to-cut-gas-use-by-30-in-winter-iea-says-1.1784985">International Energy Agency Executive Director Faith Birol told Bloomberg</a> that Europe should be prepared to curb its natural gas consumption by up to 30% if Russia completely halts flows.<a href="https://www.bnnbloomberg.ca/europe-must-be-ready-to-cut-gas-use-by-30-in-winter-iea-says-1.1784985"></a>"Depending on its timing, a complete cut-off of Russian gas supplies to Europe could result in storage fill levels being well below average ahead of the winter, leaving the EU in a very vulnerable position," Birol said in emailed comments to Bloomberg.

Three Gazprom liquefied natural gas tankers have been seized by Germany for an indefinite period of time

<ul class="summary-list"><li>Europe should be ready for <keyword id="11894337" type="UNKNOWN" weightage="60" keywordseo="russia" source="Orion">Russia</keyword> to completely shut off all its <keyword id="6354703" type="UNKNOWN" weightage="60" keywordseo="natural-gas" source="Orion">natural gas</keyword> exports, the IEA chief said. </li><li>"The nearer we are coming to winter, the more we understand Russia's intentions," he said. </li></ul>Europe, should be prepared for the Russia to stop supplying the region completely this winter, the International <keyword id="11917806" type="UNKNOWN" weightage="60" keywordseo="energy" source="Orion">Energy</keyword> Agency told the <a href="https://www.ft.com/content/f7990162-395f-488e-9d23-13f3cce83e24">Financial Times</a>. "The nearer we are coming to winter, the more we understand Russia's intentions," IEA head Faith Birol said. "Europe should be ready in case Russian gas is completely cut off," he added. Russia wreaked havoc among several <keyword id="11911313" type="UNKNOWN" weightage="60" keywordseo="eu" source="Orion">EU</keyword> countries after it recently <a href="https://www.businessinsider.com/europe-energy-emergency-plans-coal-power-russia-cuts-gas-supply-2022-6">cut gas supplies over an equipment delay</a> in Canada. <a href="https://www.businessinsider.com/russia-cuts-gas-supply-germany-siemens-equipment-stuck-canada-sanctions-2022-6">Russian state giant Gazprom</a>, for instance, terminated natural-gas supplies via the <keyword id="13275169" type="UNKNOWN" weightage="60" keywordseo="nord-stream" source="Orion">Nord Stream</keyword> pipeline to Germany by 40% earlier this month. Against this backdrop, benchmark European natural gas futures were trading Wednesday at their highest since March at around 130 euros per megawatt hour ($136), having almost doubled in the last 12 months. Russia's decision has subsequently forced countries including Germany, Italy, and the Netherlands to draft emergency plans to shift to coal for power generation if natural gas supplies drop. To that effect, Germany and Austria have taken the decision to fire-up old coal power plants out of necessity. "This is bitter, but it's essential in this situation to reduce gas consumption," Robert Habeck, economy minister and a senior member of the Green party, said in a recent statement.Meanwhile, Denmark said natural gas would be rationed so that consumers could have winter heating. Europe relies on Russia for 40% of its natural gas. Its leaders are preparing phase out imports of crude oil and coal this year, but have no such plans for gas imports. Despite Russia citing logistical hold-ups as the reason for the drop in exports, Birol said there may be an ulterior motive at work in the run-up to the winter. "I believe the cuts are geared towards avoiding Europe filling storage, and increasing Russia's leverage in the winter months," he said. He noted however that EU countries' move to lean on coal as a backup would be '"temporary" and it would work to preserve gas supplies in the winter months. "I believe there will be more and deeper demand measures [taken by governments in Europe] as winter approaches," he said. That means European countries "should consider postponing closures [of nuclear power plants] as long as the safety conditions are there," Birol said. He also urged governments to invest in clean energy more to reduce fossil fuel demand."Unless governments sit in the driving seat and mobilize major funds to create a clean energy transition, we will have to deal with extreme volatility in energy," he said. Such a view was echoed by <a href="https://markets.businessinsider.com/news/commodities/russian-oil-us-eu-disuss-cutting-revenue-janet-yellen-2022-6">US Treasury Secretary Janet Yellen</a> who recently called on lawmakers to go green as gasoline prices soar in the US.

Europe should be prepared for Russia to totally cut all natural gas supplies this winter, IEA chief says

<ul class="summary-list"><li>US <keyword id="11893878" type="UNKNOWN" weightage="60" keywordseo="stocks" source="Orion">stocks</keyword> reversed lower Monday after Bloomberg reported <keyword id="11894021" type="UNKNOWN" weightage="60" keywordseo="apple" source="Orion">Apple</keyword> will slow hiring and spending. </li><li>A housing market gauge showed builder confidence slowed to a pandemic-era low. </li></ul>US stocks reversed sharply lower Monday after Bloomberg reported <a href="https://www.bloomberg.com/news/articles/2022-07-18/apple-to-slow-hiring-and-spending-for-some-teams-next-year">Apple plans to slow hiring and spending</a> next year in some businesses to prepare for a possible economic downturn. The planned changes won't cover all teams at Apple, and the iPhone maker still plans an expanded product launch next year that includes a so-called mixed-reality headset, sources told Bloomberg. The <keyword id="11893589" type="UNKNOWN" weightage="60" keywordseo="news" source="Orion">news</keyword> soured early morning sentiments on the heels of a <a href="https://markets.businessinsider.com/news/stocks/goldman-sachs-stock-price-2q-earnings-bond-trading-wealth-management-2022-7">strong earnings report from Goldman Sachs</a>. Wall Street will also see earnings from Tesla, Johnson &amp; Johnson, Netflix, United Airlines and Verizon this week. Here's where US indexes stood after the 4 p.m closing bell on Monday<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 3,830.85, down 0.84%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 31,072.61, down 0.69% (215.65)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 11,360.05, down 0.81%</li></ul>Meanwhile<a href="https://markets.businessinsider.com/news/bonds/housing-market-home-prices-builders-inflation-fed-interest-rates-nahb-2022-7">, a key gauge of the US housing market showed signs of concern Monday</a>, as the National Association of Home Builders said builder confidence fell 12 points to 55 in July to pandemic-era lows. A note from Stifel's chief equity strategist said to <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-summer-rally-lower-oil-prices-recession-inflation-2022-7">expect a strong rally in stocks this summer</a>, as the bear market could show signs of easing and the S&amp;P 500 could climb 9%. And the Paris-based International Energy Agency Executive Director Faith Birol said in a note Monday that swift and aggressive <a href="https://markets.businessinsider.com/news/commodities/europe-energy-crisis-russian-natural-gas-iea-fatih-birol-2022-7">steps must be taken</a> to ensure Europe has enough natural gas this winter as Russia's war on Ukraine continues to batter energy <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>. <a href="https://markets.businessinsider.com/news/commodities/russia-china-gas-pipeline-mongolia-power-of-siberia-eu-azerbaijan-2022-7">Russia will send more of its gas to China</a> through Mongolia, as plans for a new pipeline to break ground in two years brings the countries closer amid a European pivot away from Moscow's flows. Crude oil was higher, with West Texas Intermediate rising 4.71% to $102.25 a barrel. Brent crude climbed 4.7% to $105.87. Gold was little changed at just above $1,700 per ounce. Bitcoin rose 2.7% to $21,526 while cryptocurrencies overall regained their <a href="https://markets.businessinsider.com/news/currencies/crypto-market-bitcoin-ether-rally-market-value-1-trillion-coinbase-2022-7">$1 trillion market capitalization. </a>

US stocks turn lower as Apple reportedly plans to slow hiring and spending amid economic uncertainty

<ul><li><keyword id="102132" type="PERSON" weightage="20" keywordseo="Crude-Oil-Prices">Crude oil prices</keyword> rose 0.8% after the Iranian Revolutionary Guards seized a British <keyword id="72458" type="PERSON" weightage="20" keywordseo="Oil-tanker">oil tanker</keyword> in the Gulf region last week. </li><li>The British government will decide its response to Iran today. </li><li>The spike in oil prices is bad for India, which imports over 80% of the crude oil it needs. </li></ul>The prices of crude oil are on a high yet again as tensions in the Middle East don’t see an end. The Iranian military seized a British oil tanker in the <keyword id="843390" type="LOCATION" weightage="20" keywordseo="Strait-of-Hormuz">Strait of Hormuz</keyword>, <a href="https://in.reuters.com/article/us-global-oil/oil-gains-as-gulf-tanker-seizure-raises-tensions-idINKCN1UH01L">as per reports</a> and the UK government is expected to finalise its response today. The fear of escalating tension in the Middle East has led to a spike in oil prices and that’s always bad news for India, which imports over 80% of all the crude oil it needs. The <a href="https://oilprice.com/">price of Brent Crude</a> rose 0.8% on Monday morning at $ 63.33 per barrel. Without the West’s standoff with Iran, the price of crude oil would be falling sharply. “The <keyword id="69313" type="LOCATION" weightage="20" keywordseo="International-Energy-Agency">International Energy Agency</keyword> (IEA) does not expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets,” Faith Birol, Executive Director, IEA <a href="https://in.reuters.com/article/us-global-oil/oil-gains-as-gulf-tanker-seizure-raises-tensions-idINKCN1UH01L">told Reuters</a>. This is largely due to rising output and inventory in the US. However, the tensions in the middle east are keeping oil buoyant, because traders fear that any blowout will affect oil supply. The crude oil price in the New York exchange fell over 7% while the <keyword id="56586" type="PERSON" weightage="20" keywordseo="Brent-crude">Brent Crude</keyword>, which affects the Indian crude oil basket the most, fell more than 6% last week. Response to Iran Briish Prime Minister is also expected to chair a meeting of <a href="https://www.reuters.com/article/us-mideast-iran-tanker/britain-weighs-response-to-iran-gulf-crisis-with-few-good-options-idUSKCN1UG05M">Britain’s emergency response committee today</a> to discuss the crisis. The US has also jumped in again after the incident took place and an official said that the US will destroy any Iranian drones that try to come close to is ships. Last week, the US claimed that it had destroyed an Iranian drone in the Strait of Hormuz, which Iran had denied. The mood in the Middle East have been grim since the<a href="https://economictimes.indiatimes.com/news/international/world-news/us-pulls-out-of-2015-iran-nuclear-deal/articleshow/64085765.cms?from=mdr"> US withdrew from the Iran nuclear deal</a> and imposed fresh sanctions on it. The latest series of escalations began with the capture of <a href="https://www.businessinsider.in/The-oil-tanker-attacks-could-make-a-US-Iran-military-showdown-inevitable-experts-warn/articleshow/69780308.cms">four oil tankers in the Gulf region last month</a>.

You Searched For "faith birol" and got 8 results

A complete Russian gas cutoff would force Europe to slash consumption by up to 30%, says IEA chief

Brian Evans

Natural gas rationing may come to Europe this winter unless energy efficiency starts improving quickly, IEA chief warns

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IEA chief trashes Russia's plan to switch gas exports to Asia from Europe, saying it will take at least 10 years - 'You're not selling onions'

Brian Evans

Here are 5 things that can be done to avert an energy crisis in Europe, according to the IEA

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Three Gazprom liquefied natural gas tankers have been seized by Germany for an indefinite period of time

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Europe should be prepared for Russia to totally cut all natural gas supplies this winter, IEA chief says

Zahra Tayeb

US stocks turn lower as Apple reportedly plans to slow hiring and spending amid economic uncertainty

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Oil prices would be down but then Iran seized a British tanker

BI India Bureau

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