The world is facing the “biggest threat” to energy security in history, according to International Energy Agency Executive Director Fatih Birol, Reuters reports.

“We will see downward pressure on demand as a result of rising prices, and in some cases as a result of some measures that governments are taking or will take” to address the energy crisis, he said.

Birol said, “As of today, we have lost 13 million barrels of oil per day”.