While it appears that Russia has been refusing to send extra natural gas to Europe during the current shortage, the continents energy crisis may have been caused by something else Putin has long understood the significance of the liberalization of European gas markets, and algorithmic trading may have played a part in soaring prices If Russia was indeed able to manipulate prices higher by using ‘paper volumes’, then the security of Europe’s broader energy market will have to be looked at The continuing European energy market crunch is still making headlines. The main culprit, according to media and politicians, is Russia, as it is refusing to increase its gas deliveries to the market. When looking at market fundamentals, it certainly appears that Russia is partly responsible for the energy shortage, but there is a major underlying issue that is not being covered. Putin has weaponized the energy markets by […]