Ben van Beurden says Ukraine war fallout means big rise in bills and possible need for countries to ration supplies

European consumers could face the prospect of energy rationing this winter as costs continue to soar, Shell chief executive Ben van Beurden has warned.

“It will be a really tough winter in Europe,” said Van Beurden, speaking at the Aurora spring conference in Oxford on Thursday. “We will all face very significant escalation in energy prices. In the worst case, Europe will need to ration its energy consumption.”

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Rishi Sunak announces U-turn on key green targets

UK prime minister delays ban on sale of new petrol and diesel…

Cost of Living payment LATEST: Universal Credit recipients start getting £324 cash boost – but some will have to wait

Brits are having to choose between paying for prescriptions and eating As…

Fashion brand Superdry reduces full-year profit guidance

Superdry has lowered its annual earnings forecast after losses widened in the…

Shoppers rush to ‘secret posh Costco’ supermarket that offers HALF price on gourmet food & bottles of fine wine

SHOPPERS are rushing to a spot they’ve dubbed a secret posh Costco…