Fatih Birol

"In addition to the challenges of transit through the Strait of Hormuz, a substantial amount of oil production has been curtailed. This is creating significant and growing risks for the market."

"he has concerns about global energy supplies"

"In oil markets, conditions have deteriorated in recent days."

"The decision will not help the global gas market, which he described as very challenging."

"Oil markets are global so the response to major disruptions needs to be global, too. Energy security is the founding mandate of the IEA, and I am pleased that IEA members are showing strong solidarity in taking decisive action together."

"emergency collective action of unprecedented size"

"This is a major action aiming to alleviate the immediate impacts of the disruption in markets."

"Oil markets are global so the response to major disruptions needs to be global too."

"the world was facing 'the greatest global energy security threat in history' and it was time for governments to become 'more vocal' around how energy was being used."

"'I believe the world has not yet well understood the depth of the energy security challenge we are facing.'"

"This crisis as things stand is now two oil crises and one gas crash put all together."

"major, major threat from the disrupted flow of oil and natural gas"

"The current oil crisis had surpassed the combined effect of worldwide energy shocks in the 1970s."