The International Energy Agency has expected that the global energy crisis will increase demand for oil by nearly half a million barrels per day, and may lead to increased inflation and slow down the global recovery from the Corona epidemic. .
According to Arab Net, the Paris-based agency added in its monthly oil report unprecedented coal and gas prices, as well as continuous power outages pushing the energy sector and energy-intensive industries to Switching to oil to keep it going and operations.
High energy prices also add to inflationary pressures which, along with power outages, may lead to a decline in industrial activity and a slower economic recovery.
