Macron Addresses Energy Crisis, Warns of 'Hybrid Attacks'
- On Friday, French President Emmanuel Macron announced a Group of Seven summit in the coming weeks to address energy supply security amid rising costs from conflicts in Ukraine and the Middle East.
- Wars in Ukraine and the Middle East have driven energy prices higher, sapping economic growth and forcing Macron to pursue coordinated international action on stockpiles and production capacity.
- Addressing the press at the Elysee Palace on Friday, Macron said, "I will convene a G7 to move forward on improving coordination on the level of stockpiles, with greater cooperation on exports and production capacity."
- The Group of Seven meeting will consider potential releases from strategic reserves to strengthen cooperation and avoid tensions among members and partners, following similar coordination with the International Energy Agency.
- Facing growing domestic pressure over high fuel prices, France's government is using the summit to strengthen cooperation among Group of Seven members and secure energy supplies amid persistent market instability.
80 Articles
80 Articles
French President Emmanuel Macron is calling for an extraordinary G7 meeting to address soaring energy prices, where the French president said the possible release of strategic oil reserves and closer coordination between major economies could be on the agenda, Politico reported. He would also put the growing Russian hybrid threat due to the war in Ukraine on the agenda.
After inviting the leaders of the political parties represented in Parliament on Friday 18 September, Emmanuel Macron announced that he wanted to "treat the causes" of the rise in fuel prices "before spending the maximum amount of money." Marine Le Pen asked him to avoid a "blocking of the economy".
Europe’s energy crisis just got worse after Houthis attacked Trump's Gulf ally?
France is scrambling to contain an energy shock as Emmanuel Macron warns that wars in Iran and Ukraine are driving fuel prices to historic levels. Macron said the Strait of Hormuz remains almost blocked, while attacks on Saudi Arabia’s Yanbu oil route have also slashed alternative supplies. French families are already feeling the squeeze at petrol pumps, prompting Macron to call a G7 meeting on stockpiles, exports, production and a possible stra…
London, 18 Sep (EFE).- The price of the barrel of Brent for delivery in November closed this Friday with a decrease of 0.91%, to reach 103.87 dollars at the close of the London futures market. The crude oil of the North Sea, of reference in Europe, went back 0.95 dollars in the Intercontinental Exchange (ICE) [...] The entry The Brent falls 0.91% to 103.87 dollars after Macron's request to free reserves was first published in HolaNews.
The President of France, Emmanuel Macron, announced the convening of a G7 meeting in the coming weeks on the rapid rise in world energy prices.
The presidential candidate expressed herself on the rise in fuel prices from the commune of Pomas (Aude). According to her, the only solution to combat this increase is to lower VAT. Otherwise, the economy could be completely blocked, according to her remarks. - Fuel prices: "The only possibility is to lower taxes", martèle Marine Le Pen (Politics).
Coverage Details
Bias Distribution
- 44% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
