Global energy prices are soaring after Russian forces launched a barrage of artillery, airstrikes, and missiles across Ukraine early Thursday to “demilitarize” the country. Even though natural gas and crude prices jumped on Thursday, there are no reports of supply disruptions or blackouts in Ukraine, suggesting businesses as usual.
An escalation of the Russia-Ukraine conflict sent Dutch TTF Gas Futures up more than 41% , rising for the fourth consecutive day. Soaring gas prices are also feeding into power markets. German power contracts jumped as much as 31%. The EU and US natural gas price spread is blowing out […]
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