EU does not foresee energy supply issues, though citizens may struggle to pay bills
USO•European Energy Commissioner Dan Jorgensen said the EU does not expect energy supply shortages this winter, but rising oil and gas prices could leave many citizens struggling to pay bills. Member states reiterated a commitment to release around 42 million barrels of oil in the coming months.
1. Prices and supply
Dan Jorgensen said rising oil and gas prices would leave many EU citizens struggling to pay their bills this winter, though he did not expect supply shortages. He said that with prices high, the amount of oil or gas available on the market did not really matter. Member states reiterated their commitment to release around 42 million barrels of oil, half of it diesel, in the coming months.
