Sheltering From Oil Shocks

Measures to reduce impacts on #households and #businesses (Pdf)

iea.org/reports/sheltering-fro…

The conflict in the #Middle East has created the largest supply disruption in the history of the global oil market, due to the near halt in shipping traffic through the Strait of #Hormuz. The loss of supply is having significant impacts in global markets, pushing up prices for crude oil above $100/barrel, and leading to much higher prices for some refined products – notably diesel, jet fuel and liquefied petroleum gas (LPG). Concerns are growing about the impacts of higher prices on households, businesses and the broader economy.

In this report, the IEA details 10 demand-side options open to households, businesses and governments to shelter themselves from today’s oil shock and relieve the strains on affordability. These are based on the IEA’s longstanding expertise on #energy #security and on specific country examples.

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