As the Federal Reserve meets to discuss how to deal with rising inflation, soaring energy prices continue to create problems. Natural gas prices jumped 9% yesterday to the highest level since 2008.
Russia’s invasion of Ukraine has created havoc in the global energy markets. The European Union is outlining a new round of sanctions against Russia including banning Russian oil and energy products. Natural gas prices crossed $8.00 per million BTUs yesterday, the highest level in 13 years.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.