Financial Market News

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Cold winter threatens Europe with an energy crisis

November, 27 2024

Europe is preparing for a cold winter, which could be the coldest since 2022. This circumstance threatens to increase energy prices, as gas reserves on the continent are being depleted faster than usual.The European Center for Medium-term Weather Forecasts predicts that the air temperature from now to March will be mostly below the level of the last two years. This is likely to lead to record heating demand since the winter of 2022, as predicted by Maxar Technologies Inc. Nevertheless, forecaste... Read More

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