The IMF warns that fuel and energy subsidies may further increase inflation
The Fund argues that the subsidies keep fuel demand high despite the shortage, which raises energy supply costs and puts pressure on the economy
Energy crisis
Read More
Loaded oil tankers without buyers: the blind spot that the closure of Hormuz puts on the map
Gulf countries load crude onto ships offshore due to the saturation of their onshore storage while shortages grow among importers
The International Energy Agency warns Europe that it has “six weeks” of jet fuel
KLM cancels 80 flights from its routes on the continent but rules out a “kerosene shortage”
United Kingdom and France, the most exposed to kerosene shortage ahead of the summer season
The continent needs to supply at least half of its jet fuel imports from the Gulf to avoid rationing and flight cancellations
Brussels proposes a mandatory telework day and cheaper public transport to alleviate the energy crisis
The European Commission calls for more transparency in electricity network tariffs as part of its package of measures to overcome price increases due to the Iran war