Oil and gas prices to remain high in Europe at least until the end of 2027, officials say
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From left to right, European Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis, European Central Bank President Christine Lagarde, President of the Eurogroup Kyriakos Pierrakakis, Managing Director and the European Stability Mechanism Pierre Gramegna talk to the media during the Eurogroup finance ministers meeting in capital Nicosia, Cyprus, Friday, May 22, 2026. (AP Photo/Petros Karadjias)European Central Bank President Christine Lagarde, left, and President of the Eurogroup Kyriakos Pierrakakis talk to the media during the Eurogroup finance ministers meeting in capital Nicosia, Cyprus, Friday, May 22, 2026. (AP Photo/Petros Karadjias)European Central Bank President Christine Lagarde arrives at the conference center for the Eurogroup finance ministers meeting in capital Nicosia, Cyprus, Friday, May 22, 2026. (AP Photo/Petros Karadjias)European Central Bank President Christine Lagarde, second left, and President of the Eurogroup Kyriakos Pierrakakis, left, gather with European Finance ministers and Governors for a family photo during the Informal meeting of the economic and financial affairs council, in capital Nicosia, Cyprus, Friday, May 22, 2026. (AP Photo/Petros Karadjias)
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From left to right, European Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis, European Central Bank President Christine Lagarde, President of the Eurogroup Kyriakos Pierrakakis, Managing Director and the European Stability Mechanism Pierre Gramegna talk to the media during the Eurogroup finance ministers meeting in capital Nicosia, Cyprus, Friday, May 22, 2026. (AP Photo/Petros Karadjias)