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Higher energy prices are a global phenomenon, not just a problem troubling Europe, says OANDA Senior Market Analyst Craig Erlam.
Energy costs are soaring in Europe, with ordinary citizens and businesses worst-hit. Weather has played a big role, although there are also questions over Russia's gas supply. The onset of winter is adding to worries.
The European Commission has outlined a set of measures that would allow EU member states to keep fuel and electricity prices low.
Ten years since the Fukushima disaster, expensive nuclear energy plants are being shut down across the world as renewable power prices plummet.
As the new year starts, three events will have a long-term impact on Gazprom's business in southeast Europe, affecting the whole EU market. Who will gain, who will lose out?
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