The week of January 3: energy, climate, China, California, and much, much more.

NRPLUS MEMBER ARTICLE T he New Year has not begun on the happiest of notes with Omicron stalking the land, the Fed upsetting the markets, an “interesting” jobs report, and the latest inflation numbers on the horizon (I suspect that we are not in for a nice surprise).

Then there’s Europe’s energy crunch. It hasn’t gone away.


Europe is facing continued volatility in its wholesale gas markets, prompting concerns across the region that an energy crisis could be about to get even worse.

The front-month gas price at the Dutch TTF hub, a European benchmark for natural gas trading, was around 5% higher by 1 p.m. London


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