B · Normal
[Supply risks in the Middle East heat up and European natural gas prices hit their highest since the end of 2022] On October 19, European natural gas prices continued their gains last week. Another ship attack near the Strait of Hormuz has heightened market concerns about low gas storage levels and the fragile balance between supply and demand in winter. In early trading on Monday, benchmark futures prices rose as much as 2% to their highest level since December 2022. Europe enters winter with seasonally low gas storage levels and is competing with Asia for limited global LNG supplies. If supply disruptions continue, natural gas prices could surge further.
middle east conflict 🕐 2026-10-19 15:10
#middle east conflict #Energy futures #Shipping futures #natural gas #ship
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