The recent news regarding explosions damaging the Nord Stream 1 and 2 pipelines is a concerning escalation of the weaponization of energy in Europe. While speculation is rampant as to who could have been behind this event, the implications for the European energy markets are equally important.
Europe
With most of Europe deep into the holiday season, few are focused on the current energy crisis. Undoubtedly once corporate procurement managers and commodities traders return from their holidays, reality will quickly set in.
Europe
Gas prices across Europe have continued to surge, reaching highs seen only a few times before, particularly at this time of year, with European natural gas contracts reaching their highest levels in almost 13 years. So, what's behind this unprecedented rise?
Europe