EU warned to expand refining capacity as war-driven fuel shocks expose market vulnerability
The European Commission is being urged to treat refining capacity as a strategic weakness after a prolonged war in the Middle East highlighted how quickly fuel markets can be disrupted. Energy expert Osama Rizvi said high fuel prices have become a structural feature of the market, arguing that the world needs more refineries spread across the globe to reduce exposure during geopolitical crises. His comments came as the European Commission signalled that the loss of refining capacity is a vulnerability Europe can no longer afford to ignore.European Energy Commissioner Dan Jørgensen said the prolonged conflict should serve as a wake-up... [Continue Reading]
360LiveNews | 29 Oct 2026 10:11 LONDON
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