• About
  • Advertise
  • Contact
  • Careers
  • EEO PUBLIC FILE REPORT
  • FCC Public File
  • FCC Applications
  • Privacy Policy
  • Terms of Use
Monday, March 27, 2023
WTMJ
  • Home
  • News
    • Local
    • National
    • Coronavirus
    • Featured Stories
    • Decision Wisconsin
    • Guest Editorials
  • Weather
    • Closings and Delays
    • Flight Status
    • Interactive Radar
    • Watches and Warnings
  • Traffic
    • Construction Updates
  • Sports
    • Green Bay Packers
      • Green & Gold Podcast
    • Milwaukee Brewers
      • Brewers Weekly Podcast
      • Brewers Extra Innings
      • First Pitch
    • Milwaukee Bucks
      • Bucks Talk
      • Bucks Weekly: The Podcast
    • NCAA
    • Extra Points
  • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
      • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
      • Spectacular Scandinavia with John Mercure and Collette
    • WTMJ Nights
    • Wisconsin’s Weekend Morning News
    • WTMJ Conversations
    • Reporter’s Notebook
    • Featured Shows
      • Accunet Mortgage & Realty Show
      • Creative Planning presents, Rethink Your Money with John Hagensen
      • Drake & Associates Retirement Ready Show
      • Every Day Health
      • Fix It Show
      • Hired! The GKB Recruitment Show
      • Money Talk, The Annex Wealth Management Show
  • Podcasts
    • WTMJ Conversations 2023: The Podcast
    • Wisconsin’s Morning News Podcast
    • The Steve Scaffidi Show
    • Jeff Wagner Podcast
    • Wisconsin’s Afternoon News Podcast
    • WTMJ Nights Podcast
    • Wisconsin’s Weekend Morning News Podcast
    • The Truth on WTMJ: The Podcast
    • WTMJ Conversations Podcast
    • Milwaukee Brewers
      • First Pitch
      • Brewers Weekly Podcast
      • Brewers Extra Innings Podcast
    • Milwaukee Bucks
      • Bucks Weekly: The Podcast
      • Bucks Talk: The Podcast
    • Green Bay Packers
      • Green & Gold Podcast
    • Featured Show Podcasts
      • The Fix-It Show Podcast
      • Money Talk, The Annex Wealth Management Show Podcast
      • The Accunet Mortgage and Realty Show Podcast
      • The Fox World Travel Show Podcast
      • Creative Planning presents, Rethink Your Money with John Hagensen
  • Features
    • WTMJ Cares: Polar Plunge with Vitrano for Special Olympics
    • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
    • Spectacular Scandinavia with John Mercure and Collette
    • Wagner’s Home Improvement Showcase
    • 2023 Greater Milwaukee International Car & Truck Show
    • Annex Wealth Management Webinar
    • Every Day Health
    • Sunday Sip
  • Contests
LISTEN LIVE
No Result
View All Result
WTMJ
  • Home
  • News
    • Local
    • National
    • Coronavirus
    • Featured Stories
    • Decision Wisconsin
    • Guest Editorials
  • Weather
    • Closings and Delays
    • Flight Status
    • Interactive Radar
    • Watches and Warnings
  • Traffic
    • Construction Updates
  • Sports
    • Green Bay Packers
      • Green & Gold Podcast
    • Milwaukee Brewers
      • Brewers Weekly Podcast
      • Brewers Extra Innings
      • First Pitch
    • Milwaukee Bucks
      • Bucks Talk
      • Bucks Weekly: The Podcast
    • NCAA
    • Extra Points
  • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
      • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
      • Spectacular Scandinavia with John Mercure and Collette
    • WTMJ Nights
    • Wisconsin’s Weekend Morning News
    • WTMJ Conversations
    • Reporter’s Notebook
    • Featured Shows
      • Accunet Mortgage & Realty Show
      • Creative Planning presents, Rethink Your Money with John Hagensen
      • Drake & Associates Retirement Ready Show
      • Every Day Health
      • Fix It Show
      • Hired! The GKB Recruitment Show
      • Money Talk, The Annex Wealth Management Show
  • Podcasts
    • WTMJ Conversations 2023: The Podcast
    • Wisconsin’s Morning News Podcast
    • The Steve Scaffidi Show
    • Jeff Wagner Podcast
    • Wisconsin’s Afternoon News Podcast
    • WTMJ Nights Podcast
    • Wisconsin’s Weekend Morning News Podcast
    • The Truth on WTMJ: The Podcast
    • WTMJ Conversations Podcast
    • Milwaukee Brewers
      • First Pitch
      • Brewers Weekly Podcast
      • Brewers Extra Innings Podcast
    • Milwaukee Bucks
      • Bucks Weekly: The Podcast
      • Bucks Talk: The Podcast
    • Green Bay Packers
      • Green & Gold Podcast
    • Featured Show Podcasts
      • The Fix-It Show Podcast
      • Money Talk, The Annex Wealth Management Show Podcast
      • The Accunet Mortgage and Realty Show Podcast
      • The Fox World Travel Show Podcast
      • Creative Planning presents, Rethink Your Money with John Hagensen
  • Features
    • WTMJ Cares: Polar Plunge with Vitrano for Special Olympics
    • The Beatles & More! An England Adventure with Sandy Maxx and Journeys Connect
    • Spectacular Scandinavia with John Mercure and Collette
    • Wagner’s Home Improvement Showcase
    • 2023 Greater Milwaukee International Car & Truck Show
    • Annex Wealth Management Webinar
    • Every Day Health
    • Sunday Sip
  • Contests
LISTEN LIVE
No Result
View All Result
WTMJ
No Result
View All Result

EU leaders struggle to bridge gas price cap divide

AP News by AP News
October 7, 2022
in AP Business, AP News
Share on FacebookShare on TwitterEmail

PRAGUE (AP) — European Union leaders converged on Prague Castle on a crisp Friday morning to try to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war on Ukraine fuels a major energy crisis.

The price cap is one of several measures the 27-nation bloc is preparing to contain an energy crisis in Europe that is driving up prices for consumers and business and which could lead to rolling blackouts, shuttered factories and a deep recession over the winter.

As the Europeans bolster their support for Ukraine in the form of weapons, money and aid, Russia has reduced or cut off natural gas to 13 member nations, leading to surging gas and electricity prices that could climb higher as demand peaks during the cold months.

Standing in the way of an agreement is the simple fact that each member country depends on different energy sources and suppliers, and they’re struggling to see eye-to-eye on the best way ahead.

A group of 15 member countries has urged the EU’s executive branch, the European Commission, to propose a cap on gas prices as soon as possible, but the idea has not secured unanimous support, with Germany notably blocking.

For now, the commission says, Europe’s gas storage capacity stands at about 90%, even as Russian gas supplies to the EU declined by 37% between January and August, with the U.S. and Norway stepping in to provide liquefied natural gas. But those replacement supplies have not been cheap.

“I therefore recommend stepping up negotiations with our reliable suppliers to reduce the prices of imported gas of all kinds,” commission President Ursula von der Leyen said in a letter to the leaders ahead of Friday’s summit in the Czech capital.

Von der Leyen also recommended that countries work together to “develop an intervention to limit prices in the natural gas market,” where prices have fluctuated wildly over jitters about the war and potentially uncoordinated national responses to the problem.

For now, a breakthrough on the price cap seems a distant prospect, but the leaders may make enough progress to conclude some kind of agreement when they meet again in Brussels on Oct 20-21.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Previous Post

EU leaders struggle to bridge gas price cap divide

Next Post

AP Top Business News at 2:50 a.m. EDT

AP News

AP News

Stay Connected

  • 22.3k Followers
  • 1k Follower
  • 679 Subscribers

Most Popular

Extra Points: The Parity Party

Extra Points: The Parity Party

March 27, 2023
Milwaukee, Historic Third Ward, Menomonee Falls

2-year-old boy shot by another Milwaukee child who found unsecured gun, misfired

March 27, 2023
3 children killed in shooting at Nashville private school

3 children killed in shooting at Nashville private school

March 27, 2023
Extra Points: The great debate of health vs. seeding

Extra Points: The great debate of health vs. seeding

March 27, 2023
Five wounded in shooting outside Milwaukee restaurant

Five wounded in shooting outside Milwaukee restaurant

March 27, 2023
WTMJ

For more than 90 years, WTMJ-AM has been "Wisconsin's Radio Station".

Follow Us

Home

News

Weather

Traffic

Sports

Shows

Podcasts

Features

Careers

Contests

Recent News

Extra Points: The Parity Party

Extra Points: The Parity Party

March 27, 2023
Milwaukee, Historic Third Ward, Menomonee Falls

2-year-old boy shot by another Milwaukee child who found unsecured gun, misfired

March 27, 2023
  • Home
  • News
  • Weather
  • Traffic
  • Sports
  • Shows
  • Podcasts
  • Features
  • Contests

© 2022 Good Karma Brands, LLC.

  • LISTEN LIVE
  • Home
  • News
    • News
    • Local News
    • Coronavirus
    • Decision Wisconsin
  • Weather
    • Weather
    • Watches and Warnings
    • Closings and Delays
    • Flight Status
  • Traffic
  • Construction Updates
  • Sports
    • Sports
    • Green Bay Packers
    • Milwaukee Brewers
    • Milwaukee Bucks
  • Shows
    • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
      • Spectacular Scandinavia with John Mercure and Collette
    • WTMJ Nights
    • WTMJ Conversations
    • Featured Shows
  • Podcasts
  • Features
    • Features
    • Good Karma Give Back
    • WTMJ Roundtable
  • Contests
  • Alexa
No Result
View All Result

© 2022 Good Karma Brands, LLC.