![](https://www.businessinsider.in/photo/95078545/the-world-is-in-the-middle-of-the-first-truly-global-energy-crisis-and-needs-russian-oil-to-flow-into-the-market-iea-chief-says.jpg?imgsize=218548)
Business Insider | 25/10/2022 05:23 PM | Click to read full article
The OPEC+ deal to slash oil output raises the risk of an energy-driven recession next year, IEA director Fatih Birol said. The OPEC+ oil output cut is fueling the "first truly global energy crisis", the head of the IEA said. He warned the Russia and Saudi-driven move cut 2 million barrels a day and raised the risk of recession., with oil demand set to outpace supply next year.