Sign in to follow this  
Followers 0

Europe's winter of discontent: pivotal role of gas price in crude oil price

Recommended Posts

Europe gas storage for winter 2022/23

With the winter just a few weeks away, European energy crisis can only get worse unless the root cause is addressed as soon as practicable. Although the EU has set a target of 80% of the storage capacity by November for member states on the basis of a convenient assumption that President Putin would think twice before using the gas supply to Europe as a weapon, the ground situation has since evolved dramatically with no end in sight for both crises - the war in Ukraine and fuel shortages in Europe.

Since the price of natural gas has become a critical factor in determining the price of crude oil in recent weeks, if the former goes up steeply due to severe supply constraints, that will push the latter through $100 barrier once again, leaving customers in yet another costly lurch, rather than creating an atmosphere of relief.



Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0