Europe Is Already Facing Its Next Energy Crisis [Yahoo! Finance]
RWE AG ORD S/ADR (RWEOY)
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Source: Yahoo! Finance
Most Read from Bloomberg NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge Trump Promises Could Have Seismic Impact on Washington Economy NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting Escalating tensions in Ukraine have contributed to about a 45% surge gas prices this year. While levels are still far below 2022 records, they are high enough to risk deepening a cost-of-living crisis for households and intensifying competitive pressure on strapped manufacturers. Gas storage is a lifeline during the coldest periods but inventories this year are rapidly declining after frosty temperatures increased demand for heating and a wind drought required more usage for power generation. Over two years since President Vladimir Putin weaponized energy, Europe is struggling to secure its energy system. The tight market refle
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