2min chapter

Forward Guidance cover image

Can Europe's Economy Handle Russian Sanctions? | Frances Coppola

Forward Guidance

CHAPTER

The Price of Natural Gas and Oil in Germany

The price of oil reached its peak in early April, maybe shortly after we did our first interview. Since then, it has been muted and that was the peak. The fact is that Germany is completely dependent upon external supplies for energy,. to a large extent on Russia. And the price is rocketing. So it's losing out either way.

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