Europe faces a difficult winter as tighter global oil and gas supplies leave gas storage well below target and diesel inventories at their lowest levels since 2022.

Europe will face the next winter with alarmingly low energy supplies and heating oil inventories. Global markets for liquefied natural gas and diesel have been severely strained…

Energy consultancy Wood Mackenzie has warned that storage sites across the continent are just above 50 per cent full, which is a very low level for this time of year.