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Worst of Global Energy Crisis May Still Be Ahead, IEA Says

  • Security of oil and gas supplies remains a major challenge
  • China has “big-footed” world on new energy supply chains: US
Bloomberg business news
WATCH: “We might not have seen the worst of it yet,” Birol warns.Source: Bloomberg
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A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency.

“The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA Executive Director Fatih Birol said Tuesday at a global energy forum in Sydney. “We might not have seen the worst of it yet -- this is affecting the entire world.”