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2026-05-28 20:10:14
[IEA: Middle East war triggers the world's largest energy security crisis, reshaping the investment landscape] (1) International Energy Agency Executive Director Fatih Birol said that the world is in the midst of the largest energy security crisis in history, with an impact comparable to the reshaping of the energy landscape after the oil crisis of the 1970s; countries are opening up new supply routes and turning to domestic resources. (2) The report points out that producing and consuming countries are accelerating the diversification of trade routes and energy sources, including accelerating the construction of new infrastructure such as pipelines and increasing the development of domestic resources. Despite rising oil prices, global oil investment is expected to shrink to below US$500 billion for the third consecutive year in 2026, constrained by uncertain oil price prospects, long project cycles, and supply chain bottlenecks. (3) Oil-importing countries are turning to renewable energy, nuclear energy and coal: renewable energy investment is expected to reach about US$665 billion in 2026 (US$365 billion for solar energy), over US$80 billion for nuclear energy, and US$180 billion for coal (the highest in a decade).
