European natural gas futures finished almost 18% higher on Tuesday and rose again on Wednesday. UK wholesale prices also surged. They’re now heading back towards record levels seen in early October, when some factories in Europe and the United Kingdom were shuttered because their operations had become unprofitable.
The unease reflects a growing uncertainty: As colder weather sets in, will the region be able to source the energy it needs to power buildings and businesses and heat homes amid a global scramble for fuel?
“Markets are incredibly jittery,” said Nikos Tsafos, an expert in energy…
