On Tuesday, European natural gas futures jumped after U.S. and European allies weighed new sanctions against Russia if it should invade Ukraine. Cold weather is not the only driver of natgas prices but also geopolitical instability in the region has helped push prices near 100 euros per megawatt-hour.
According to Bloomberg, citing people familiar with the matter, the U.S. and European allies could hit Moscow with sanctions that would paralyze its ability to convert rubles for dollars and other foreign currencies…European Gas Futures Soar As U.S. Weighs Sanctions Against Russia
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