EU anticipates winter rise in oil and gas prices
The European Commission expects the upcoming winter to see a sharp rise in oil and gas prices due to the Middle Eastern crisis, with ongoing pressures on European households and industry. The European official warned that around 50 million people in Europe may face difficulties heating their homes this winter. Temporary measures have been announced to alleviate the pressure, including postponing environmental commitments related to methane emissions from fuel imports from 2027 to 2028, in an effort to lessen the impact of the crisis on the market.
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