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Ukraine: Gas and oil prices rise amid fears of supply disruption

Posted on 04 March 2014

Russia supplies 30pc of Europe’s gas demand, raising fears of shortages or price spikes if the Ukraine conflict escalates to war. Oil and gas prices rose on Monday amid warnings that escalation of conflict between Russia and the Ukraine could have “severe” consequences for gas supplies across Europe.
Russia supplies 30pc of Europe’s gas demand, with about half of it flowing through the Ukraine, raising fears that further war could lead to shortages and significant price spikes………………………………………..Full Article: Source


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