Energy Traders Are Asking for Help With a Looming Cash Crunch

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European federation of energy traders called on governments and central banks to provide emergency liquidity. This would help members man market volatility. Energy prices have seasawed since the pandamic and it's become even worse since russia invaded ukraine. F t, alphaville reporter clare jones has more on what the energy traders are asking for.

The Federal Reserve has lifted its benchmark interest rate by a quarter of a percentage point, Europe’s largest energy traders have called on central banks for help to avert a cash crunch, and the FT’s Tom Mitchell discusses the rising cost of Beijing’s loyalty to Moscow.

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Mentioned in this podcast:

Fed announces first rate rise since 2018 amid surging inflation

China makes rare intervention to bolster confidence after market rout

The rising cost of China’s friendship with Russia

Energy traders call for ‘emergency’ central bank intervention

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Twitter Space: China’s involvement in the war in Ukraine

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