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Europe’s Oil Demand Could Rise As Natural Gas Soars to $100 A Barrel Equivalent

Summary by Oil Price
Amid cold winter weather and fast-depleting inventories, Europe’s natural gas prices jumped on Monday to a two-year high to levels of over $100 per barrel oil equivalent, which now makes burning oil for industrial use more cost-effective. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, surged by 4% in Amsterdam on Monday, to the highest level since February 2023. The first proper winter in Europe with prolonged periods of …
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Oil and Gas Sector

Oil and Gas Sector

Amsterdam, Netherlands

Amsterdam, Netherlands

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