Gas prices in Europe reached record prices today. The TTF future, a reference price for natural gas, rose by 10 percent to 84 euros for a megawatt hour. Oil prices also reached their highest level in three years with a price of 80 dollars.
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‘The market demands a large risk premium for many reasons’, explains Alex Martens, energy analyst at KBC, of the strong increase. He sees problems on both the demand side and the supply side. ‘There is …
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