VIDEO SIGN OUT
Benchmark gas futures jumped as much as 35 per cent, the most in almost six months, and electricity prices increased. The supply cutoff rippled through markets, hitting equities and pushing the euro to a 20-year low. Europe’s politicians have been bracing for weeks for the halt, and are now rushing to put emergency measures in place. Sweden and Finland created backstops over the weekend to help utilities struggling with collateral requirements in a bid to prevent a “Lehman” moment. European energy ministers are set to discuss radical proposals to curb power prices when they hold a special meeting on Friday -- including gas-price caps and a suspension of power derivatives trading.
“Given the gas supply tightness, one cannot exclude mandatory gas curtailment for non-essential industries or even ‘rolling gasouts’ this winter depending on the weather,” analysts at JPMorgan said in a note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe energy prices jump as Moscow tightens screw on supply - BNN BloombergEnergy prices surged in Europe after Russia halted its biggest natural gas pipeline to the continent indefinitely, plunging the region deeper into a crisis that could push major economies into recession and force rationing. US told Europe to put sanctions on Russia, now Europe will freeze in the coming winter and the US will be warm and comfortable. EUCouncil should ignore the USA.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Canada must begin to export green energy natural gas to Europe – Canadian InvestorCanada must begin to export green energy natural gas to Europe - CanadianInvestor CanadiansInvest
Source: CanadiansInvest - 🏆 53. / 59 Read more »
Ukraine's Zelenskyy warns Europe to brace for winter energy crisisVolodymyr Zelenskyy has told Europeans to expect a difficult winter as the Russian assault on Ukraine leads to cuts in oil and gas exports. He can F.O. Those sanctions are working wonderfully!! Keep falling for Ukraine! Oops I meant standing🙄
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Energy problems in Ukraine and Europe take centre stageEnergy problems plagued Ukraine and Europe as much of the Russian-occupied region that's home to a largely crippled nuclear power plant was reported temporarily in blackout Sunday. Russia vs NATO Russia is still advancing in Ukraine and their economy is doing very well despite the sanctions. NATO countries are going to freeze this winter and they are losing ground to Russia in Ukraine. Climate alarmism will be the death of more small biz as well as the death of those who who would of likely survived d/t greed & corruption. This chaos did not happen by chance. All brought on by the EU infected by US/NATO. 70% of Germans want their government to talk to Russia. As the EU lays ruin to their countries members for a corrupt nazi filled Ukraine the EU would never let in to their union. US/NATO, turning neighbours into enemies since 1947
Source: CTVNews - 🏆 1. / 99 Read more »
Ukraine's Zelenskyy warns Europe to brace for winter energy crisisUkrainian President Volodymyr Zelenskyy warned of a difficult winter for Europe, even as he reported progress against Russian troops.
Source: ottawasuncom - 🏆 4. / 92 Read more »
Ukraine's Zelenskyy warns Europe to brace for winter energy crisisUkrainian President Volodymyr Zelenskyy warned of a difficult winter for Europe, even as he reported progress against Russian troops. lmao TakeThatPutin Bauhahahahahhaàaaa Germany has totally fucked itself with over a trillion dollars wasted on solar and wind. I would put $1000 on the line saying Germany's FM called Zalensky and told him to make this assertion, so as to grant cover to the German govt... Putin's fault.
Source: calgarysun - 🏆 63. / 52 Read more »