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A combination of high storage levels and warm weather is causing natural gas prices to decline consistently in Europe since last summer, leading many to believe Europe’s energy crisis may not be as bad as most had feared. But, with the heating season yet to begin on much of the continent, the crisis is still far from over. Prices will rise and supplies shrink, and Europe’s main line of defense will remain to reduce consumption – which may have both short- and long-term repercussions on the region’s economy. RANE Europe analyst Matteo Ilardo breaks down the good - and bad - situations.
You can read Matteo’s work in RANE Worldview, our risk intelligence app for professionals, and in our consumer publication, which offers objective geopolitical analysis and intelligence covering the global landscape. Find out more about RANE’s industry-leading risk management, including RANE Worldview at ranenetwork.com.
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