Put the brakes on and keep the car in the garage on Sunday to ease oil shock, says IEA

  • Date: 18-Mar-2022
  • Source: SkyNews
  • Sector:Oil & Gas
  • Country:Gulf
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Put the brakes on and keep the car in the garage on Sunday to ease oil shock, says IEA

Lower speed limits, more home working and car free Sundays could help the world avoid a damaging oil supply crunch caused by the Ukraine war, the International Energy Agency (IEA) has said.

The intergovernmental body also urged motorists to adopt more car sharing and ease off on air conditioning in vehicles as part of a ten-point plan which it said would "reduce the price pain being felt by consumers around the world".

The measures could also lessen economic damage and shrink Russia's energy revenues as well as having the added benefit of moving oil demand to a "more sustainable pathway" in the drive to net zero, the IEA said.