Europe Locks In Endgame for Russian Gas And Oil
Market Intelligence Analysis
AI-PoweredThe European Union has committed to reducing its dependence on Russian gas and oil, following the full agreement on the 'REPowerEU Roadmap', aiming to diversify energy sources and reduce exposure to market manipulation and economic risks.
Market impact analysis based on bullish sentiment with 71% confidence.
Article Context
The European Union (E.U.) of 27 member countries will “never go back to our dangerous dependence on Russia”, said Dan Jørgensen, European Commissioner (E.C.) for Energy last week. “We will never go back to volatile supplies and market manipulation, and we will never go back to energy blackmail and economic exposure,” he added. This followed the full agreement on 3 December of the E.U.’s ‘REPowerEU Roadmap’, which E.C. President Ursula von der Leyen highlighted as enabling the continent…
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