How is the EU dealing with energy price shocks?
4 Articles
4 Articles
European Energy Commissioner Dan Jürgensen warned that the EU is moving towards a very difficult winter, with expectations of oil and gas prices rising to record levels. Jürgensen pointed out that the conglomerate is facing renewed and severe pressure on energy markets, as a result of regional tensions in the Middle East and the disruption of supplies, especially with the closure of the Strait of Horms.
EU takes measures to address energy price shocks across member states – Axadle
Europe is facing another energy shock, with the US-Iran war now in its eighth month adding to the disruption caused by Russia’s war against Ukraine. Restrictions remain in place around the Strait of Hormuz, the crucial maritime route through which 20% of the world’s oil and gas exports normally pass. Energy and fuel prices have […]
How is the EU managing sudden spikes in energy prices?
Europe is bracing for another punishing surge in energy bills as two wars—one in Iran now entering its eighth month and Russia’s continuing invasion of Ukraine—tighten global fuel supplies and rattle markets. Restrictions remain in place on the Strait of Hormuz, a critical artery for world energy flows that carries about 20% of global oil […]
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