<
https://www.theguardian.com/business/2026/mar/20/oil-price-energy-watchdog-iea-emergency-measures-work-from-home-slow-down-on-the-road>
"The world’s energy watchdog has advised governments to reduce highway speeds
and encouraged workers to carpool or, ideally, work from home to combat soaring
oil prices and impending fuel shortages caused by the Middle East conflict.
It has also recommended countries consider limiting car access to designated
zones in large cities, by giving vehicles with odd-numbered plates access on
different weekdays to those with even-numbered plates.
The International Energy Agency (IEA) has advised member countries, including
Australia, the UK and the US, to take the emergency measures to curb oil
demand, following the military strikes on Iran that have triggered the most
significant supply disruptions in the history of the global oil market.
It comes amid concerns that crude oil imports from Australia’s top Asian
suppliers are at risk, as countries scramble to shore up their own reserves.
Last week, the IEA ordered the largest release of government oil reserves in
its history to help calm the oil price shock. It will also consider further
release orders after warning that it will take time for markets to recover from
the ongoing crisis in the strait of Hormuz.
The huge disruption to the oil trade has triggered sharp rises in the price of
petrol, diesel, jet fuel and LPG.
While the oil releases increased available supply, the new recommendations are
concerned with reducing demand and helping households and businesses prepare
for a drawn-out disruption to energy markets."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
