Heatwave Slams Europe Straining Energy Supply, E.On CEO Says

As Europe is hit by its fifth heatwave, the continent’s largest energy provider joins Bloomberg’s Guy Johnson and Tom Mackenzie on ‘The Opening Trade’. “We see massive increases in wholesale prices because of the Persian Gulf. We’ve seen extremely high gas prices putting stress on customers and affordability. Right now we see a very hot summer curtailing output that will lead to short-term distortions. We need to continue but it’s stressful.”
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Shin JohnYtv Market News

Share-market news writer and analyst with deep experience covering equities, commodities, forex, and cryptocurrencies for readers in the USA, UK, Canada, and Australia. Ytv Market News delivers timely market updates, practical trading insights, and clear explanations of macro and company-level catalysts that move prices. Combines on-the-ground financial reporting with technical analysis, using concise charts and actionable ideas to help investors and traders make smarter decisions.