Authored by Felicity Bradstock via OilPrice,

• Europe faces another expensive winter as low gas reserves and Middle East disruptions drive up energy prices.

• Rising fuel costs threaten household budgets, industrial production, and employment across Europe.

• Increased U.S. LNG supplies could provide some relief, but continued geopolitical risks leave energy markets vulnerable.

After months of elevated energy prices, Europe can expect fuel costs to continue rising through the winter months as demand grows. Ongoing energy trade constraints and threats to energy infrastructure across the Middle East are expected to limit global energy supplies and continue to drive up prices, hitting consumers hard unless governments intervene.