Raw Materials: European Gas Price Reaches Highest Level Since the End of 2022
30 Articles
30 Articles
Natural gas prices in Europe are seeing a new jump as traders try to fill warehouses before the start of the winter season, while the crisis in the Middle East shows no signs of abating. European benchmark contracts jumped as much as 5.2%, reaching their highest level since January 2023, Bloomberg reported. The rise reflects growing concerns about the security of energy supplies, as the situation in the Strait of Hormuz sea route, through which…
The gas price climbs to more than 79 euros - the cause is the conflict in the Persian Gulf. What this means for consumers and heating costs.
volksfreund.de
The gas price climbs to more than 79 euros - the cause is the conflict in the Persian Gulf. What this means for consumers and heating costs.
The price of European natural gas has jumped above 78 euros/MWh, reaching a level not seen since December 2022. The price increase is driven by the escalation of the conflict in the Middle East: the US military destroyed Iranian oil tankers, while Houthi rebels attacked Saudi energy facilities.
The escalation of the conflict in the Middle East again pressured the energy markets, with European natural gas reaching the highest price since January 2023.
Natural gas prices in Europe have hit a new three-year high. The main reason is that traders are rushing to fill fuel storage facilities before the winter season, awaiting details of an agreement between Iran and Oman on shipping through the Strait of Hormuz, reports Bloomberg. Benchmark gas futures rose 3.4% on September 8, reaching their highest level since January 2023. The agency notes that although Tehran announced an upcoming agreement tha…
Coverage Details
Bias Distribution
- 46% of the sources are Center, 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
