On the 7th local time, Slovak Prime Minister Fizzo said that Europe is currently facing serious challenges in oil and fuel supply, and the European energy market may face greater pressure in the coming fall and winter. Fizzo said that the European fuel market is currently being affected by multiple factors. On the one hand, there is a conflict between Iran and the US; on the other hand, European refining capacity is gradually declining. Some countries that were able to export petroleum products in the past now need to import large quantities of related products. Fizzo specifically pointed out that the current pressure on European diesel supply is quite prominent, which may further push up diesel prices. Fizzo said that solving the problems facing the fuel market cannot be solved by EU member states alone taking individual measures. He looked forward to the upcoming summit of EU member state leaders to find solutions to related issues.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.