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The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies from Russia—the world’s second largest natural gas producer and third largest petroleum producer—condemned the invasion by refusing to buy Russian energy, or were cut off by President Vladimir Putin.
— Fortune (September 24) (Pocket) (Media Bias)
FRANKFURT, Sept 28 (Reuters) - Europe's drugmakers have warned they may stop making some cheap generic medicines because of surging electricity costs and are calling for an overhaul of the way they are priced, the latest industry to seek help as the energy crisis deepens.
— Reuters (September 28) (Pocket) (Media Bias)
The Globe cited the destabilizing effect the war in eastern Europe has had on energy markets, in particular liquified natural gas. The outlet went on to highlight the region's current dependence of fossil fuels as an exacerbating factor in the potential crisis.
— Just the News (September 28) (Pocket) (Media Bias)
IEA Head Warns "Wild West" Energy Scenario Could Unravel Europe The unity of EU member states could be in jeopardy as a dark winter fast approaches set to trigger a 'continental scramble' for energy resources. European countries would be in a "wild west scenario" in their attempt to pursue energy security which would result in souring relations with neighbors and cause worsening fuel and power shortages with risks of social unrest, warned Fatih Birol, the head of the International Energy Agency, who was quoted by theFinancial Times. Birol spoke Thursday in an interview at the inaugural Global Clean Energy Action Forum in Pittsburgh, Pennsylvania, when he explained the energy crisis threatens to shatter EU unity as ...
— ZeroHedge Opinion (September 26) (Pocket) (Media Bias)
@IuliiaMendel: Russia’s state-controlled Gazprom PJSC suspended natural gas deliveries to Italy, escalating the energy crisis in Europe.
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