DELAYED UPDATE — Europe gas storage runs low as winter buying deferred
Europe has deferred buying natural gas for winter in a riskier bet that the Iran war ends soon and prices fall. EU gas storage is reported at 65% full, the lowest late-summer level in at least 15 years.
By Matthew DaltonEurope has put off buying natural gas for the winter in a big, potentially risky bet that the Iran war will be over soon and prices will drop.The European Union's gas storage facilities are only 65% full, their lowest level toward the end of summer in at least 15 years.
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