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Markets will remain volatile, and the conflict could push oil prices higher, "which is definitely bad news for inflation," Fatih Birol, executive director of the Paris-based IEA, told The Associated Press.
Source: https://abc7news.com/middle-east-crisis-oil-prices-gas-supply/13944217/
Price caps on Russian oilprobably hit Moscow’s revenues from oil and gas exports by nearly 30% in January, or about $8bn (£7bn), compared with a year before, the International Energy Agency (IEA) chief, Fatih Birol, said on Sunday.
“The oil and gas industry is facing a moment of truth at COP28 in Dubai,” said Fatih Birol, executive director of the IEA in a press statement on the report’s release.
Source: https://abcnews.go.com/Business/wireStory/save-climate-oil-gas-sector-slash-planet-warming-105118543
"Without clean energy, the growth in CO2 emissions would have been nearly three times as high,” Fatih Birol, the IEA's executive director, said in a statement.