Russia’s invasion of Ukraine hammered the global energy markets.
Global outrage has forced countries worldwide to pivot away from Russian natural gas and oil. They don’t want to be complicit in funding the Kremlin’s attack on its neighbor.
That put pressure on natural gas prices. In the last 12 months, the price jumped 193.8% to an all-time high.
When supply is down (cutting off Russia) but demand is up (countries still needing natural gas for power), the price increases.
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