![]() With the pandemic receding over the fall of 2021, pre-winter demand surged, sending the spot price of gas soaring to unprecedented levels. Faced with reduced demand from Europe in 2020 and early 2021, Russia’s Gazprom pumped significantly less natural gas into European underground storages. The European energy crisis, which began in earnest in 2021, is a good illustration. The Covid-19 pandemic has wrought massive disruptions to global supply chains and has shaken up energy markets as never before in modern history. ![]() ![]() In a previous HC Insider podcast in May 2022, Voloshin painted a worrisome picture of the world as it emerged from the pandemic and became immediately engulfed in geopolitical shocks. In the first installment of this two-part article, George Voloshin, a corporate intelligence professional and sanctions expert, analyzes the economic and geopolitical interplay between the Covid-19 pandemic, higher prices and sanctions linked to the Russia-Ukraine war. The current surge in energy and commodities prices is happening against a fragile global economy ready to tip into recession. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |