EU Warns of Energy ‘Price Crisis,’ Asks Countries to Consider Curbing Demand, Letter Shows
- Europe warned member states today of an energy crisis, urging governments to consider curbing demand as continental LNG reserves sit about 20 percentage points below normal levels ahead of winter.
- Middle East disruptions have forced Saudi Arabia to pause crude and fuel shipments to Europe, with three key facilities—Yanbu, Samref, and Yasref—operating below capacity on the Red Sea, now a 'tinderbox' following militia attacks.
- Fuel prices have jumped to above $6 per gallon in the United States and over €2 per liter in Europe, signaling a "major" potential supply problem if supply chains are not restored by Christmas.
- Unlike 2022 and 2023, when Russia's invasion spiked prices rapidly, Europe is "facing a slow-motion crisis," says Ana Maria Jaller-Makarewicz, an analyst at IEEFA, as structural market tightness persists.
- Thierry Bros, a professor at Sciences Po Paris, says Europe's only exit is to "diversify and to destroy demand," while political uncertainty ahead of November elections could further constrain fuel availability.
78 Articles
78 Articles
The European Union is facing an energy price crisis due to the effects of Iran's war on oil and gas markets, Energy Commissioner Dan Jorgensen said in a letter to the EU's profile ministers. "We are facing a price crisis linked to a supply crisis, the European Commissioner for ...
EADaily, September 27, 2026. EU countries should either accelerate or reduce their consumption of motor fuels and gas, as called for by the Euro-Commissioner for Energy, Dan Jørgensen.
The European Union calls on Member States to step up measures to reduce energy consumption before the cold season, in line with rising prices and risks for gas supply. The EU article calls for us to warm up less in winter. "We are facing a price crisis linked to a supply crisis – this is the first time in Romania TV.
The European Union is facing an energy price crisis as the fallout from the Iran war shakes oil and gas markets, the European Commission's energy commissioner said on Friday in a letter to member states urging them to consider measures to reduce demand for natural gas.
The European Union is facing an energy price crisis caused by disruptions in oil and gas markets following the war with Iran, and Member States should take measures to reduce the consumption of natural gas and electricity, European Commissioner for Energy Dan Jorgensen said.
The European Union is facing a crisis in energy prices as a result of the disruptions in the oil and gas markets caused by the war with Iran. European Commissioner for Energy, Dan Jørgensen, asked Member States to take measures to reduce the consumption of natural gas and electricity before winter.
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