European Gas Holds Above 68 Euros on Winter Supply Concerns
European natural gas prices held above €68 per megawatt-hour, a level not seen since January 2023. This sustained pricing reflects ongoing concerns regarding Europe's gas supply ahead of the upcoming winter heating season.
The elevated prices are partly due to strong cooling demand amid persistent heatwaves, which has slowed the pace of inventory replenishment. This has made it more difficult for Europe to rebuild gas inventories and heightened fears of insufficient supplies for winter. Since this news broke, ![]()
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