European Gas Hits Four-Year Highs on Tight LNG Supply
European gas prices hit four-year highs amid tight LNG supply and cooler forecasts.
Story updates
09:19:37 AM UTC
SquawkNews
Benchmark Dutch and British wholesale gas prices rose to their highest since late 2022 on Monday morning, amid cooler weather forecasts and as the market loses faith in a timely resumption of regular liquefied natural gas shipping in the Strait of Hormuz disrupted by the US-Iran war.The benchmark D…
09:33:32 AM UTC
SquawkNews
By Giulia PetroniEuropean natural-gas prices climbed above 97 euros a megawatt-hour for the first time since late 2022, as colder weather threatens to lift demand across the continent while the Iran war continues to disrupt global supplies.The Dutch TTF front-month contract, Europe's benchmark, was…