Why did the International Energy Agency suggest avoiding flying and returning to working from home?
Easing the burden
The International Energy Agency explained that its proposals are measures that governments, businesses and households can take to ease the burden on consumers from the recent rise in energy prices.
The International Energy Agency stated that these proposals include working from home, reducing speed limits on highways by at least 10 kilometers per hour, and avoiding air travel if other means of transport are available.
Disbursement of inventories
“We have finally launched the largest-ever release of the IEA’s emergency oil stocks, and I am in close contact with key governments around the world, including major energy producers and consumers, as part of our international energy diplomacy,” said IEA Executive Director Fatih Birol in a statement.
He added: “In addition, today’s report provides a range of immediate and concrete measures that can be taken on the demand side by governments, businesses and households to protect consumers from the effects of this crisis.”.
standard quantity
The International Energy Agency had agreed on March 11 to release a record 400 million barrels of oil from strategic reserves to counter the sharp rise in global crude oil prices, with the United States contributing the largest share of the supply.
A total of 426 million barrels of oil are being put on the market under a previous agreement that includes 172 million barrels from America, according to the Energy Agency.
The International Energy Agency, which this month approved the release of a record amount of oil from its strategic reserves to counter the effects of the US-Israeli war with Iran, announced proposals to alleviate the pressure of oil prices on consumers, such as working from home and avoiding air travel .
Relieving the Burden
The International Energy Agency clarified that its proposals are measures that governments, companies, and households can take to relieve the burden on consumers due to the recent rise in energy prices.
The International Energy Agency mentioned that these proposals include working from home, reducing speed limits on highways by at least 10 kilometers per hour, and avoiding air travel when alternative transportation is available.
Releasing Stocks
The Executive Director of the International Energy Agency, Fatih Birol, stated in a statement: “We have finally launched the largest-ever release of emergency oil stocks by the International Energy Agency, and I am in close contact with key governments around the world, including major energy producers and consumers, as part of our international energy diplomacy.”
He added: “In addition, today’s report presents a range of immediate and tangible measures that can be taken on the demand side by governments, companies, and families to protect consumers from the effects of this crisis.”
Record Amount
The International Energy Agency had approved on March 11 the release of a record amount of 400 million barrels of oil from strategic reserves to address the sharp rise in global crude oil prices, with the United States contributing the largest share of supplies.
A total of 426 million barrels of oil are being released into the market under a previous agreement that includes 172 million barrels from America, according to the agency.
