The European Commissioner for Energy, Dan Jørgensen, requests Donald Trump to maintain a 'free flow' of diesel to Europe. The warning comes amid the possibility of a critical winter in energy prices.
The European Commissioner for Energy, Dan Jørgensen, has urged US President Donald Trump to maintain a 'free flow' of diesel to Europe. This request arises in a context where Europe could face its 'worst winter' in energy prices since 2022, according to the Financial Times.
Jørgensen warned that, despite a continuous supply of diesel from the United States, 'this winter could be very, very bad for Europe'. Diesel prices on the continent are near historic highs, and Trump's threat to restrict exports has raised concerns among operators.
The situation is complicated by the recent rise in natural gas prices in Europe, reaching levels not seen since the energy crisis of 2022 following Russia's invasion of Ukraine. Brent crude oil also remains above $100 a barrel.
Jørgensen mentioned that the European Commission is considering short-term measures to mitigate the high cost of fossil fuels, in response to requests from French President Emmanuel Macron. However, he did not detail Macron's specific proposals, stating that 'sometimes things need to be postponed or conditions relaxed'.
In this regard, pressure on the Trump Administration is increasing due to the midterm elections, while analysts warn that any restriction on diesel supply could lead to a rise in global prices.
Jørgensen concluded by emphasizing the need for Europe to accelerate electrification to avoid future crises related to fossil fuels, pointing out that the Commission has proposed to double the EU's electrification rate to 46% by 2040.
You may also like
