EU weighs energy-saving measures as Middle East crisis threatens oil and gas supplies
European Union governments are considering whether households and businesses should be asked to cut energy use as the Middle East war pushes up prices and raises fears over oil and gas supplies. Energy ministers are due to discuss possible EU-wide demand-reduction measures at a meeting on 29 October, according to a document seen by reporters. The discussion comes as officials warn that disruption linked to the Strait of Hormuz could last for months.The proposal to examine demand cuts has been put forward by Ireland, which currently holds the rotating presidency of the Council of the European Union and is chairing... [Continue Reading]
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