What divergent crude oil and natural gas prices portend for the EU and US ...Middle East

The Hill - News
What divergent crude oil and natural gas prices portend for the EU and US
When Russia invaded Ukraine in late February, forecasters were quick to revise their projections of prices for energy considerably higher in anticipation of supply shortages for both crude oil and natural gas. Europe was widely perceived to be vulnerable to cutbacks in supplies of natural gas from Russia, which accounted for about 40 percent of its energy needs. At the same time, some forecasts called for the price of West Texas Intermediate (WTI) to double to between $125 -$150 per barrel in response to sanctions that were imposed on Russia.  Developments since then suggest the European Union (EU) may experience the worst scenario that was envisioned. But the fallout for the U.S. h

Hence then, the article about what divergent crude oil and natural gas prices portend for the eu and us was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( What divergent crude oil and natural gas prices portend for the EU and US )

Apple Storegoogle play

Last updated :

Also on site :