Expert accuses Russia of blackmailing Europe over gas trade

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Trading giant Trafigura has warned on Tuesday Europe faces an uncertain winter season, with dwindling gas supplies and possible power outages. In the long-term, the Swiss multinational firm claimed the price of oil could also skyrocket to more than £74 ($100) per barrel. Earlier on Tuesday, the valuable resource was trading at about £61 ($82) per barrel, slightly down on last week’s highs.

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