IEA recommends fuel conserving measures as Iran war continues
The International Energy Agency has released “a range of demand-side actions that governments, businesses and households can take to alleviate the economic impacts on consumers of the disruptions to oil markets stemming from the war in the Middle East," in a new report released Friday.
Top of the list was working from home. Other recommendations include reducing car travel, cutting down on business air travel and cooking with electricity rather than gas.
Last week, the IEA announced the release of 400 million barrels of oil and refined products from global stockpiles to ease shortages around the world, IEA Executive Director Fatih Birol said represented only 20% of its reserves.
“We still have 80% in our pocket,” Birol said in a statement, adding that he had held talks with Canada, Mexico, Brazil, Norway and other countries about increasing their oil and gas production.
But, he said, such flows would not solve the loss of Middle Eastern energy.
“The single most important action is the resumption of transits through the Strait of Hormuz,” he said.




