Russia’s double energy whammy

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Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s

main gas pipeline until sanctions are lifted, and Singapore has become a haven for Chinese elite who are fleeing strict coronavirus lockdowns and potential blowback from geopolitical tensions.

 

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Live news updates: Emmanuel Macron backs European levy on energy companies\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. Can you please RT my GoFundme Squeeze the energy companies for political brownie points and then suffer as they simply just scale back production. 😂🤣😂🤣😀 When will the dopey Europeans wake up to the fact this is not the answer. At the current time you are seeing a massive transfer of wealth out of Europe to the oil producing Countries. They should be encouraging domestic production of gas not taxing…3rd status beckons…
Source: FT - 🏆 113. / 51 Read more »