Europe Gas Prices Head for Fourth Straight Weekly Gain
10 Articles
10 Articles
Europe Gas Prices Head for Fourth Straight Weekly Gain
European benchmark natural gas prices on Friday headed for their fourth consecutive weekly gain as the re-escalation in the Middle East dampened hopes that LNG flows from the Strait of Hormuz could normalize soon. The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe's gas trading, was basically flat in early morning trade in Amsterdam on Friday, but it was on track for a 7% jump this week alone. This week, t…
Dutch gas futures TTF, a benchmark for Europe, are trading at 72.06 euros per megawatt hour with gains of over 7% for the week.
Natural gas prices in Europe closed the week higher, influenced by rising geopolitical tensions in the Middle East and uncertainties surrounding shipping through the Strait of Hormuz.
Natural gas prices in Europe are heading for a fourth consecutive week of gains. In fact, the market is recording weekly gains of more than 7%, according to Bloomberg. On Friday, the reference contracts showed sharp fluctuations. However, they maintained most of the gains they had accumulated since the beginning of the week. At 72.06 euros in Amsterdam On the Amsterdam stock exchange, natural gas contracts for delivery next month held a nearly s…
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