What?

The gas prices are going to continue to stay on the higher side in Europe through out the winter. With separate incidents affecting the availability of gas and crude oil, the prices are not expected to ease out anytime soon.

Cause and Impact?

The explosion in the gas pipeline earlier this week along with another incident of leakage is going to cause a reduced flow of gas and crude oil across Europe. Two separate incidents affecting the gas inflow to Europe is going to add to woes specially in winters when the demand for natural gas is more.