- EU’s Michel: The Union must reduce energy consumption, increase supply
Market news
16 September 2022
EU’s Michel: The Union must reduce energy consumption, increase supply
Charles Michel, the President of the European Council said on Friday that the bloc must reduce energy consumption and increase supply.
Additional quotes
The EU needs to engage with Algeria, Qatar, UAE and Saudi Arabia to manage the current crises.
For most of these four countries its possible to increase supply, we need to determine conditions.
Good proposals on energy prices are on the table in the EU, but more will be needed.
We discussed with Qatar rerouting gas meant for Asia.
Related reads
- EUR/USD: Sellers to retain control if 0.9950 fails
- ECB’s Rehn: There is a case for frontloading the tightening cycle
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page