EU Agrees on Urgent Push to Devise Energy Intervention Steps.

(Bloomberg) -- European Union energy ministers said Friday that the bloc's executive arm should deliver urgent proposals to provide liquidity to energy traders clobbered by massive margin calls and to skim off energy companies' windfall profits so the funds can be redirected to struggling consumers. EU Energy Commissioner Kadri Simson said the bloc will proposed "unprecedented" measures next week as countries face daunting challenges. [Extracted from the article]