European Gas Prices Hover Near Three-Week Lows as Iran Signals Possible Hormuz Reopening
12 Articles
12 Articles
The price of gas is falling while looking at developments in the Middle East, with diplomacy at work between Iran and the US. The market also focuses on storage levels and weather conditions. (ANSA)
Good news for those looking at the coming winter with some apprehension: the European gas price has suddenly dropped sharply. The key TTF gas price fell to around 72 euros per megawatt-hour on Wednesday, the lowest level since September 4. But does such a plunge mean that you NOW... a fixed energy contract...
European natural gas stabilize from two-week lows; UN talks in focus - Cyprus Shipping News
European and British wholesale natural gas futures rebounded on Tuesday, rising 1.6% each as energy desks locked in profits and recalibrated risk premia following a steep early-week sell-off driven by diplomatic headlines out of New York. The benchmark Dutch front-month TTF contract advanced 1.6% to trade around 78.80 euros per megawatt-hour (MWh), recovering from a
European Gas Prices Hover Near Three-Week Lows as Iran Signals Possible Hormuz Reopening
TLDR European natural gas prices held near three-week lows after Iran signaled it could reopen the Strait of Hormuz within seven days. Dutch front-month TTF gas traded around €72.90 per MWh, while British NBP gas remained near multi-week lows. Tehran says reopening Hormuz would depend on the U.S....
The price of natural gas at the European level is currently below 70 euros per megawatt-hour, while the market's attention is focused on the unusually low levels of its reserves, but also on the wait for more clarifications regarding the conditions of its supply from the Middle East. In particular, according to […]
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