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European gas is on track for a 3rd consecutive weekly gain as Russia threatens to further taper supplies
From markets.businessinsider.com
European natural gas prices are heading for the third consecutive weekly jump as uncertainty remains over Russian supplies. Dutch TTF futures inched lower Friday to roughly €196.85, but remain on track for a weekly gain of about 3%. Since one year ago, European natural gas prices has surged 372%, up from about €41 last August. Yesterday, a report emerged that US supplies could increase as a key export hub in Texas ramps up production faster than anticipated, which would help offset some of Europe's supply concerns. However, pressures remain high and commentators expect it to worsen as Moscow moves to tighten its ... (full story)
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- Posted: Aug 5, 2022 12:16pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 161
