International Energy Agency Director: The current energy crisis has surpassed the combined total of the past three and may usher in a "Black April"

MetaMuskRat · 2026-04-08T04:48:02+00:00

International Energy Agency Director Fatih Birol pointed out that the current global energy crisis is more severe than at any point in history, and predicts it will accelerate the development of renewable energy and electric vehicles. He advised countries to exercise caution in energy conservation in the short term and warned of a potential severe shortage of crude oil and refined petroleum products in April.

MetaMuskRat

2026-04-08 04:48:02

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People’s Finance News, April 7—The head of the International Energy Agency, Fatih Birol, said that the severity of the current global energy crisis is “even worse than the 1973, 1979, and 2022 (energy crises) added together.” He expects the crisis will accelerate the development and rollout of renewable energy, nuclear power, and electric vehicles. In an interview report published by France’s Le Figaro on the 7th, Birol said that in the short term, countries should “be as cautious as possible” in conserving energy, because the global energy market may face a “Black April.” “If the Strait remains closed throughout April, the shortfall in crude oil and refined oil products will be more than twice that of March.” (Xinhua News Agency)

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