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Pipeline politics: what happens if Putin cuts off Europe’s gas?

26 February 2022

9:00 AM

26 February 2022

9:00 AM

The price of Brent Crude oil was hovering at $100 a barrel as Germany halted approval of the controversial Nord Stream 2 gas pipeline from Russia in response to Putin’s latest aggression. The oil price is five times its low point in 2020 — and the name itself, from the now-defunct Brent field in the North Sea, is a reminder of the UK’s energy vulnerability.

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