Europe has dealt with the energy crisis

Shell CEO Wael Sawan said the energy crisis in Europe was over, with gas, oil and electricity prices falling and stabilising at pre-crisis levels:

“What we saw this quarter is that across the energy complex, perhaps more than any previous quarter in recent memory, we are returning to the normalized price and margin levels that we had prior to 2022.”

The end of the energy crisis in Europe has been announced more than once in recent times, writes BB.LV. The exit was explained by political measures, import of liquefied natural gas and even favorable weather. And German Chancellor Olaf Scholz reported that the country was able to find sources to replace Russian gas supplies and called this a reason for pride.

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