Climate Changed
‘Arctic Intrusion’ Set to Bring Havoc Deep Into March
- More volatilie prices coming along with cold weather
- Gas storage tanks depleted at the fastest rate for 10 years
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Europe faces a second blast of cold air that will linger deep into March just as it gets over a deadly front from Siberia that’s causing chaos from Britain to Italy.
Energy prices surged in advance of the second wave of cold air that’s set to keep temperatures in northern Europe abnormally low through the middle of the month. U.K. gas prices have already doubled to the highest in more than a decade in this week’s big freeze, which dropped heavy snow, halted traffic and disrupted flights across the region.