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Impact of the European energy crisis

 

Impact of the European energy crisis

Europe's energy crisis is worsening every day. With Russia curbing gas supplies, the continent's reserves for the coming winter season may prove inadequate.

Coal and natural gas prices have reached a record high. Crude oil and electricity are also seeing significant price rises.

Russia's ongoing invasion of Ukraine has created significant uncertainty in these commodities, for companies operating in the energy and energy-intensive sectors. 

This has already led to some manufacturing facilities in Europe shutting down or reducing output. 

In these challenging times, it is important for companies to understand the impact on key energy commodities such as crude oil, coal, electricity and natural gas and its knock-on effect on related categories. 

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