Europe Gas Prices Surge as Hormuz Deal Prospects Remain Murky
13 Articles
13 Articles
Shafaq News – Follow-up: Natural gas prices in Europe jumped 8% on Monday as the Strait of Hormuz remained closed. The price surge comes as European countries seek to replenish their gas reserves before the upcoming winter, while storage levels in August fell to approximately 57% of capacity, the lowest level since 2011. Last July, the International Energy Agency warned that any further delay in resuming gas exports from the Gulf region would pr…
European Gas Prices Rally as Hormuz Deal Prospects Remain Murky
European natural gas prices jumped as discussions between Iran and Oman to reopen the Strait of Hormuz failed to convince traders that a deal would lead to a quick resumption of global LNG flows.
The main European stock exchanges are brought above parity while the future US appears to be opposed, in view of the American inflation expected for Wednesday. (ANSA)
Natural gas prices in Europe continue to climb after Monday's rally, as the prospect of an agreement to open the Strait of Hormuz weakened in...More...
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