December 25, 2024
Gas prices in Europe are rising for the fourth day in a row: the reason thumbnail
Economy

Gas prices in Europe are rising for the fourth day in a row: the reason

European natural gas prices rose for a fourth straight day amid ongoing concerns about supplies, with only a week left until a key transit deal between Russia and Ukraine expires.”, — write: epravda.com.ua

European natural gas prices rose for a fourth straight day amid ongoing concerns about supplies, with only a week left until a key transit agreement between Russia and Ukraine expires. Bloomberg writes about it. On Tuesday, the benchmark futures rose by 2.4%, reaching the highest level since early December. In four sessions, prices have increased by more than 10%, indicating nervousness in the market as the end of the year approaches. The looming end of the transit deal coincides with forecasts of a cold snap across much of Europe, which could boost demand for gas as supplies deplete faster than usual. sea ​​supplies Reminder: European natural gas prices are rising for the third day in a row, and a key gas transit agreement between Russia and Ukraine is just over a week away from expiring.Advertisement: The EU is emptying its gas storage facilities at the fastest pace since the energy crisis of three years ago due to cold weather and a decrease in seaborne supplies, which increased demand.

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