Author (Person) | Butler, Nick |
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Publisher | Centre for European Reform (CER) |
Series Title | CER Insight |
Publication Date | July 2022 |
Content Type | Research Paper |
Summary: The war in Ukraine is not about oil and gas, but the conflict has further disrupted an already volatile situation, in which energy prices were rising due to post-lockdown energy demand exceeding supply. The consequences of Russia’s attack on Ukraine will take years to play out, whatever happens next: the only credible forecast is of uncertainty and further price volatility. To give some idea of the range of that uncertainty, the following analysis considers what is happening now, what might happen in a year’s time, and what could things look like two to three years from now. |
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Source Link | https://www.cer.eu/insights/impact-ukraine-war-global-energy-markets |
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Subject Categories | Energy |
Subject Tags | Energy Markets, Energy Security |
Keywords | Security of Energy Supply, War in Ukraine (2022-) |
Countries / Regions | Russia, Ukraine |