European Gas Prices Update Four-Year High
19 Articles
19 Articles
Gas exchange prices in Europe have maintained a growth rate of about 2%, reaching $1,100 per thousand cubic metres for the first time since the end of 2022, as evidenced by data from the London ICE Exchange. The November (near) futures on the index of Europe's largest distribution centre TTF (the Netherlands) have opened tenders at $1101.5 (+1.3 per cent). By 9:10 msq has risen to $1109.3 (+2 per cent), while by 14:10 ms has reached $1103.6 (+1.…
aljazeera.net
SANANatural gas prices in Europe exceeded Euro97 (approximately $105) per watt hour, amid concerns about the fragility of supplies during the winter and rising tensions in the Middle East, with expectations of increased demand for heating.
The rally in international natural gas prices continues and today the barrier of 97 euros per megawatt-hour was broken, a price we had not seen since 2022.
The wholesale price of European gas reached 97 euros per megawatt hour on Monday 26 October, a level unprecedented since 2022, against a background of supply and cold-return tensions. For French households, the risk focuses mainly on future tariff adjustments and contract renewals: the quotation of the day does not change all invoices immediately.
Currently, the European Union's (EU) gas storage facilities are only about 75% full, the lowest level for this time of year according to data recorded since 2009. Asian oil prices cooled after reaching a near six-month high. Gold prices were pressured by oil prices and interest rate expectations. World oil prices recorded a strong weekly increase, reaching a near six-month high.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
