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EU Energy Commissioner comments on global energy crisis, stating it could be the worst ever faced

The EU Energy Commissioner's stark warning about the potential severity of the global energy crisis underscores growing concerns about supply shortages and rising costs across Europe.

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EU Energy Commissioner comments on global energy crisis, stating it could be the worst ever faced

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  • EU countries have spent more than USD 35bln extra on fuel imports since the outbreak of the war without receiving any additional supplies.
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This could exacerbate inflationary pressures, impacting central banks' policy decisions on rates and fundamentally shifting the landscape of energy investments and currency markets, particularly for the euro and dollar.

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