New Delhi, March 23 (IANS) The International Energy Agency (IEA) chief Fatih Birol has warned that the global economy is facing a major threat due to the energy turmoil due to the escalating Middle East tensions.The IEA chief said the current situation in West Asia poses serious risks to economies worldwide.The global economy is facing a major, major threat today, and I very much hope that this issue will be resolved as soon as possible, Birol said while speaking at a media event in Australia. T…
Latest Energy Crisis News & Updates
Seoul, March 21 (IANS) South Korea is in close talks with countries, including Iran, to ensure a swift normalisation of the Strait of Hormuz after Tehran said it is ready to allow Japan-bound vessels to pass through the sea route virtually closed in the wake of the Middle East crisis, a foreign ministry official said on Saturday.”The government is closely monitoring developments in the Middle East while exploring ways to protect our citizens and secure energy transport routes,” the official said…
Thiruvananthapuram, March 21 (IANS) Kerala Chief Minister Pinarayi Vijayan on Saturday launched a sharp attack on successive central governments led by the Congress and the BJP, holding their policy decisions responsible for the country’s worsening energy crisis. In a strongly worded statement, Vijayan alleged that policies shaped under American influence over the years have undermined India’s long-term energy security.He said the ongoing conflict in West Asia has only aggravated the situati…
New Delhi, March 18 (IANS) Pakistan is facing a major fuel crisis due to the disruption in oil supplies triggered by the Middle East conflict, as the Shahbaz Sharif government has failed to manage the fallout of the disruption in oil supplies through the Strait of Hormuz.“In Pakistan, citizens wait for hours at petrol stations across various cities, paying 55 rupees more per litre than they did two weeks ago. The government is debating a vague plan to reduce the workweek to four days, halve th…
Chandigarh, March 11 (IANS) A resolution on the impact on the country’s energy security was tabled before the Punjab Assembly on Wednesday, expressing concern over the emerging gas and energy crisis across the country. The resolution, tabled in the House by Food, Civil Supplies and Consumer Affairs Minister Lal Chand Kataruchak, will be discussed in detail in the Assembly on Thursday. The House also witnessed disruptions and uproar as the resolution was introduced, with members raising …
Chandigarh, March 11 (IANS) Punjab Education Minister Harjot Bains on Wednesday slammed the BJP-led Central government, calling out its “failed foreign policy” for triggering a worsening energy crisis in the country. Speaking during a discussion in the Assembly, the minister raised concerns over shrinking petroleum and LPG stocks, the shutdown of fertiliser plants in the state, and what he described as discrimination in gas supply to the state, while demanding that the Centre disclose th…
United Nations, March 11 (IANS) Fuel shortages in Cuba have triggered a humanitarian crisis with the island nation’s health system approaching a critical point, a UN spokesman said.”We remain deeply concerned about the deteriorating situation, driven by the inability to import fuel,” said Stephane Dujarric, chief spokesman for UN Secretary-General Antonio Guterres.”This has triggered an energy crisis.”The world body is engaging with member states, including the United States, so aid can be deliv…