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Belgium Bracing for Difficult Winters Ahead

ENERGY

The Belgian Prime Minister warned this week that "The next 5 to 10 winters are going to be difficult," due top Europe’s energy crisis.

  • "In a number of sectors, it is really difficult to deal with those high energy prices. We are monitoring this closely, but we must be transparent: the coming months will be difficult, the coming winters will be difficult" he said.
  • European gas and power markets have surged to record high’s this week on news last Friday that Russia would shut Nord Stream 1 for three days for unplanned maintenance.
Energy BulletsCommodities
Energy BulletsCommodities

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