President Vladimir Putin said Russia will not supply crude oil, refined products or gas to any nations that introduce price caps on Russian commodities, describing such measures as “another stupidity.” The European Union is considering a gas price cap as part of a package of measures, which also include reducing power demand across the bloc by 10%. More emphasis is needed on reducing demand to bridge the gap with supply, Jefferies said. With industry warning of further closures over the winter months, pressure is mounting on policymakers ahead of an energy minister meeting in Brussels on Friday. Emergency interventions will be drawn up to try to stem the impact of surging prices for power and natural gas on industry, businesses and households. There is even more urgency to take action after Russia last week halted gas supplies on the Nord Stream pipeline indefinitely. Proposed EU measures expected include removing […]