EU Ministers Meet as Diesel Squeeze, Gas at 100 EUR/MWh Signal Winter Crisis

EU energy ministers convene to address a worsening energy price crisis ahead of winter, with diesel prices at all-time highs due to refinery closures and natural gas touching 100 EUR/MWh. Commissioner Jorgensen's admission that past refinery closures were a mistake marks a policy reversal, underscoring supply-side fragility. The outcome is uncertain, but the meeting signals potential coordinated action to mitigate price spikes and secure supply.

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