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Fill 'Er up because Ontario Gas Prices Are Set to Climb Again
10 Articles
10 Articles
The Hamilton Spectator
Fill 'er up because Ontario gas prices are set to climb again
Analyst Dan McTeague offers his prediction for Ontario gas prices after Iran announced it re-closed the Strait of Hormuz amid the U.S. navy's targeting of Iranian ships.
European natural gas prices rose after Iran closed the Strait of Hormuz again shortly after its reopening.
The Strait of Hormuz remains blocked after the weekend and energy markets remain uncertain about whether the world will have enough fuel and gas and at what prices. A look at statistics from the European gas infrastructure operators' association Gas Infrastructure Europe (GIE) provides at least some...
Gas prices in Europe rose 11% on Monday, driven by the prolonged closure of the Strait of Hormuz, according to traders. Meanwhile, European gas reserves are lower than expected, and the Old Continent may not be able to replenish its supply of the blue fuel before the next heating season.
The crisis in energy markets is escalating as Iran closes the Strait of Hormuz again. Natural gas prices in Europe rose by 11 percent in a single day, reaching €43 per megawatt-hour. Fears of a supply shock are emerging in the markets, and the dollar is also on the rise.
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