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Global energy chief warns of historic oil crisis
Published 4 weeks, 2 days ago
Description
The International Energy Agency chief Fatih Birol has warned that the current shock to oil supplies ranks among the worst in history, with oil losses equivalent to two 1970s oil price shocks that led to global recession. During his Canberra visit, Birol praised Australia's potential as a rising star in global energy exports while Parliament's crossbench pressures the government to impose new taxes on gas exporters. Prime Minister Albanese has signed a joint statement with Singapore and other Asian nations to ensure fuel supply security.
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