Low Gas Storage and Diesel Shortages Threaten Europe’s Winter Supply

Tightening global supply of oil and gas is putting Europe on course for a difficult winter this year due to the continent’s significant dependence on energy imports, despite energy transition ambitions.

Gas in storage is much lower than it should be, and a diesel crunch is threatening fuel oil supply security for the heating season. It could turn into a perfect storm. The first warning signs emerged as early as March, as the U. S.