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IEA Warns Europe Faces Hard Winter Energy Shortfall

By Drooid · · How we work

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Story summary
  • IEA chief Fatih Birol warns Europe of difficult winter energy supply from Berlin.
  • Europe’s gas storage is 72% full, below the usual 90%, covering 10-12 million homes.
  • Gas prices have risen 140% since February and Brent crude trades above $100 per barrel.
  • G7 nations released 400 million barrels of crude and diesel in March, prompting a $20 price drop.