Energy disaster awaits EU after this winter – oil CEOs ...News

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Energy disaster awaits EU after this winter – oil CEOs
Remaining Russian stocks will only allow the bloc to survive one heating season The EU is “in good shape” in terms of energy reserves this winter, however, a real risk of a shortfall lies ahead in 2023, major oil and gas executives have warned. The region is facing an unprecedented energy crunch following a drop in imports from Russia. The oil and gas shortages, and record-high inflation, have resulted in an overall cost-of-living crisis across the bloc. But while concerns are focused on the turmoil of the coming winter, it is the next cold season that they should really worry about, CEO of major oil trader Vitol,

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