Shell Warns of Possible Energy Shortage in Europe Amid Supply Shocks

Key Takeaways Shell CEO Wael Sawan warns Europe may face an energy crisis as soon as next month.Supply disruptions due to the conflict are pressuring jet fuel, diesel, and gasoline markets.Shell is working with governments on storage and fuel purchases to help them navigate the energy crisis.The British energy giant, Shell plc’s (SHEL) CEO, Wael Sawan, warned that an energy crisis may hit Europe as soon as next month. The warning reflects energy shortage concerns due to the ongoing conflict in the Middle Ea ...