Brussels Admits Energy Costs Are ‘Extremely High’
5 Articles
5 Articles
"We are currently in a global energy price crisis, which is affecting not only the EU, but everyone," said the EU Energy spokesperson.
The European Commission warned of a global energy price crisis, stating that energy prices have reached "extremely high" levels. While acknowledging that there is no concrete shortage of diesel or natural gas in the EU, the Commission stated that necessary steps will be taken following a crucial meeting by the IEA.
The European Commission has warned on Thursday that there is currently a "global energy price crisis" arising from the simultaneous conflicts in Ukraine and the Middle East, which affects both the European Union and the rest of the world, with oil, gas and diesel at high levels compared to their historical averages, although it has for the time being ruled out concrete supply problems in the bloc.
The European Union does not foresee any supply problems this winter, but expects "very high" oil and natural gas prices...
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