Traders are watching for any signs of further instability in Russia that could affect the country’s gas production and exports. The turmoil comes as European gas is already seeing the highest volatility since Russia invaded Ukraine early last year.
Gas traders are bracing for more volatility after a short-lived rebellion in Russia poses yet another risk to supply.
Even as the uprising by Yevgeny Prigozhin, leader of the Wagner mercenary group, has been defused, the crisis still represents the biggest threat so far to President Vladimir Putin’s control over Russia.
