Shell and Equinor warn that the global energy market is running out of buffers against a major supply shock. Inventories are shrinking, logistics are stretched and Middle East disruptions are still threatening oil and gas flows. With crude above $100 and Europe exposed to tighter gas supplies, another serious disruption could trigger a much sharper energy price spike.
Personal remarks
“In the meantime, European Commission officials are having their siesta in the Berlaymont cafeteria.”
— Eni Versalis, Sheriff of the Berlaymont Cafeteria