NO. 1: Russian strikes against energy infrastructure in recent days have eliminated over half of Ukraine’s natural gas production, which could tighten the European market heading into winter.

Image showing a comprehensive market analysis of the European Union’s gas storage levels with graphs representing trends in inventories, highlighting key insights into energy market dynamics and gas data projections for the near future.

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Bloomberg cited anonymous sources in reporting the country could need to buy more than $2 billion of natural gas imports to replace production assets destroyed by the attacks.

Ukraine has also reportedly made pleas to European powers for equipment to repair its energy system.