US EditionEuropean Gas Prices Rose 30 Percent
16 Articles
16 Articles
European natural gas prices immediately rose by almost 30 percent this morning compared to Friday, to around €64 per megawatt-hour. This marks their highest level in three years, building on last week's sharp rise. Growing concerns about supply, in particular, are sending Europe and Asia into a renewed upward price spiral.
European gas prices jumped 30 percent on Monday as the Middle East war has disrupted energy markets and raised fears of long-term supply problems.
However, the levels recorded remain well below those reached at the beginning of the war in Ukraine.
While the oil barrel has reached record levels, the price of gas is in turn blazing, in connection with the war that continues in the Middle East.
1:35 PM Gas prices opened Monday morning up another 30 percent, though the increase quickly moderated to 16 percent. Energy companies and traders are considering scenarios where the military conflict in the...
Natural gas prices in Europe are continuing to rise due to the war in the Middle East, the French news agency AFP reports. They jumped 30 percent at the start of trading today and are currently 14 percent higher than Friday. Gas traders on the TTF hub in the Netherlands were trading futures contracts for April delivery at 69.50 euros per megawatt hour (MWh) of gas today, while the price is currently set at 60.81 euros per MWh. Despite the jump, …
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