Energy crunch bites into France's citizens and businesses alike
© Provided by Xinhua Electricity, wheat and food prices are piggy-backing on soaring oil and natural gas prices, pushing people in France to rejigger h
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© Provided by Xinhua Electricity, wheat and food prices are piggy-backing on soaring oil and natural gas prices, pushing people in France to rejigger h
Europe is currently in a better situation than it was at the start of the 2021/2022 winter, according to analysts at Wood Mackenzie.
The threat of military escalation in Ukraine is ramping up the pressure in Europe’s gas market. The chances of Russia intentionally cutting its exports are remote. But any disruption to pipeline volumes could lead to energy chaos in Europe and ripple out into global gas and power markets.
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