Global energy crisis may get worse, IEA warns

'The world has never witnessed such a major energy crisis in terms of its depth and its complexity,' IEA executive director Fatih Birol said at a global energy forum in Sydney

The whole energy system is in turmoil following the February invasion of Ukraine by Russia.

A global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse, according to the head of the International Energy Agency.

“The world has never witnessed such a major energy crisis in terms of its depth and its complexity,” IEA executive director Fatih Birol said on Tuesday at a global energy forum in Sydney.