Ukraine war: Reduce consumption to avoid crippling oil supply crunch, says IEA
Ukraine war: Reduce consumption to avoid crippling oil supply crunch, says IEA
The International Energy Agency (IEA) unveiled a new 10-point plan on Friday to rapidly reduce oil consumption, and help mitigate against rising prices or fuel shortages amid Russia's war in Ukraine.
The agency, which advises developed countries on their energy policy, says it fears a "shock" to global oil supply following sanctions against Russia, estimating that Russian supply cannot be easily replaced in the immediate future.
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