German Energy Giant Warns Europe’s Crisis Is Not Over Yet ...Middle East

Despite significantly calmer energy markets and much lower wholesale natural gas prices, Europe could still face price spikes this winter if a sudden shortage of supply coincides with colder-than-normal temperatures, according to one of Germany’s top utility firms, E.ON. “While intraday volatility remains high relative to the period before the energy crisis, significant price spikes comparable with August 2022 did not occur in the first half of 2023,” E.ON said in its half-year results on Wednesday.   “The likelihood…

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