The International Energy Agency pledged to protect global energy security, the Paris-based watchdog said on Friday, after convening a meeting to discuss Russia’s invasion of Ukraine.
“Today I convened a meeting to bring together representatives of the IEA’s 31 member countries,” IEA executive director Fatih Birol said in a statement.
“We reviewed how the Russian invasion has increased concerns among oil market participants against the backdrop of already tight global markets and heightened price volatility.”
“We discussed options the IEA could take over the coming days and weeks,” he added. Citing the risk of a further escalation, Birol said IEA member countries agreed to continue to act in solidarity to ensure global energy security.
