European Commissioner Dan Jorgensen warns Member States to prepare for a potential prolonged disruption in international energy trade. Investors fear that if barrel prices remain high for too long, global inflation could rise sharply.
The notice is part of a letter of the European Commissioner for energy to Member States.
And Jorgensen states that the immediate impact on the European Union’s security of supply has been contained, but that governments need to prepare for a potential prolonged disruption of international energy trade.
He also called for timely and coordinated preparedness measures to ensure oil supplies, in the face of caused for the
This Tuesday, the price of Brent barrel dropped to around 108 dollars.
And price stabilization of oil relieved some of the pressure on the main world stock exchanges, which closed higher.
Investors fear global inflation
Even with the slight fall in oil prices, investors fear that, if the value of the barrel remains high for a long time, a Global inflation could rise sharply.
The president of Egypt warned that fears that prices of oil exceeds 200 dollars per barrel is not exaggerated.
This Tuesday, Poland limited fuel prices and is now considering restricting a sale to foreigners.
For the first time in more than three years, the gasoline prices in the United States have exceeded the four dollars a gallon.
The price last surpassed the four-dollar mark in August 2022, with the covid-19 pandemic and following Russia’s invasion of Ukraine.
