EU Warns of Refinery Closures Amid Energy Crisis
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Insights by Echo AI
Over the past 20 years, a quarter of the European Union's oil refineries have closed, leading to a 10% decrease in domestic refining capacity. EU Energy Commissioner Dan Jørgensen has sounded the alarm, warning that this trend threatens European energy security and could keep diesel prices high until 2027. The EU aims to counter this trend and boost refining capacity.
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