Tuesday, September 16, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Gas Prices In Europe Skyrocket Again As Supply Risks Grow :Dutch gas, which jumped as high as 64% to 335 euros a megawatt-hour — the equivalent of around $600 a barrel of oil.

by IWB
March 8, 2022
in Markets
Reading Time: 3 mins read
A A
0
Home Markets
Share on FacebookShare on Twitter


By ZeroHedge 

European pure fuel futures soared Monday after studies the Biden administration was contemplating curbs on Russian crude imports despatched shock waves throughout commodity markets.

Brent surged to $137/bbl and shortly pared good points to commerce close to $125/bbl round 0630 ET. The main focus is European natgas futures, Dutch fuel, which jumped as excessive as 64% to 335 euros a megawatt-hour — the equal of round $600 a barrel of oil.

Gas Prices In Europe Skyrocket Again As Supply Risks Grow :Dutch gas, which jumped as high as 64% to 335 euros a megawatt-hour — the equivalent of around 0 a barrel of oil.

Chaotic power markets got here after the US Secretary of State Antony Blinken instructed NBC this previous weekend that the Biden administration is in “very energetic discussions” with European leaders to limit Russian oil imports.

Ole Hansen, head of commodity technique at Saxo Financial institution A/S, instructed Bloomberg he’s at a “misplaced for phrases” for the most recent worth motion of natgas. “Margin calls and really illiquid and unsure markets driving this transfer,” he stated.

Bloomberg notes that EU GDP may very well be slashed by as a lot as 1% or 2.2% yearly ought to Russia’s natgas flows drop to zero. Even in in the present day’s excessive worth setting, the continent is anticipated to take a 0.6% hit. To make sure power safety, EU leaders have accelerated renewable power initiatives and are additionally speaking with different power exporters, such because the US, Qatar, Norway, Egypt, Algeria, and Azerbaijan, to fulfill their natgas wants.

Regardless that spring is lower than two weeks away, heating demand remains to be elevated, and power inflation is crushing the pocketbooks of households throughout the continent. Additionally, one power supplier ceased to offer heating oil to the parliament constructing of Bosnia and Herzegovina in Sarajevo due to hovering costs, newspaper Faktor reported, which implies the services are presently with out warmth.

Because the Russian invasion threatens to cut back or minimize off Russian natgas provides—both within the type of sanctions or Moscow’s retaliation to sanctions—Wooden McKenzie detailed final week that Europe can survive the subsequent winter with out Russian fuel. Nonetheless, costs would stay terribly excessive and can be something however wealth-destroying for households and companies.

“From file lows initially of winter, storage ranges have now re-enter[ed] their five-year vary, albeit on the decrease facet, and are on monitor to be in a extra comfy place by the top of March,” Kateryna Filippenko, principal analyst, Europe fuel analysis, at WoodMac, stated.

“It’s our present evaluation that the EU can get via this winter safely,” Filippenko. However what about subsequent? Natgas provides on the continent are at low ranges, and natgas injections start on the finish of March and early April to resupply stockpiles.

If Russian natgas flows stay low and the West bans Russian power imports, the EU higher discover new suppliers shortly, or power inflation will proceed to wreak havoc.

By Zerohedge.com













163 views





























Source link

Tags: barrelDutchequivalentEuropeeurosgasgrowHighjumpedmegawatthourOilPricesRisksSkyrocketsupply
Previous Post

SilverBow Resources Stock: $100m Positive Cash Flow In 2022 (NYSE:SBOW)

Next Post

Ukrainian Surgeon Operates On Wounded Russian Soldiers

Related Posts

Is Your Identity the Next Trillion Dollar Asset?

Is Your Identity the Next Trillion Dollar Asset?

by Ian King
September 16, 2025
0

Sam Altman has already modified the world as soon as. As CEO of OpenAI, he kicked off the synthetic intelligence...

How labor costs have affected corporate margins and stock performances – Goldman Sachs’ David Kostin (SP500:)

How labor costs have affected corporate margins and stock performances – Goldman Sachs’ David Kostin (SP500:)

by Monica L. Correa
September 15, 2025
0

Sep. 15, 2025 11:51 AM ETS&P 500 Index (SP500)PCG, XLU, IWM, XLB, MSFT, BBY, NRG, NVDA, AZO, MCHP, EXPD, MPWR,...

Here’s why banks, credit card companies are wary of buy now, pay later loans

Here’s why banks, credit card companies are wary of buy now, pay later loans

by Jeff Huang
September 15, 2025
0

Purchase now, pay later plans supply a sexy different to bank cards for customers: They permit purchases to be break...

Top Wall Street analysts bet on the potential of these 3 stocks for the long haul

Top Wall Street analysts bet on the potential of these 3 stocks for the long haul

by TipRanks.com Staff
September 15, 2025
0

Jaque Silva | Nurphoto | Getty PhotosThe newest earnings season has addressed traders' issues in regards to the synthetic intelligence...

Sachem Head is pushing for a Performance Food merger. Here’s why a deal makes sense

Sachem Head is pushing for a Performance Food merger. Here’s why a deal makes sense

by Kenneth Squire
September 14, 2025
0

Firm: Efficiency Meals Group (PFGC)Enterprise: Efficiency Meals Group is a meals and foodservice distribution firm that operates by three segments:...

Google Flights’ ‘No. 1 advice, always’ to score cheap airfare

Google Flights’ ‘No. 1 advice, always’ to score cheap airfare

by Greg Iacurci
September 14, 2025
0

Passengers stroll via the doorway of a TSA PreCheck in Terminal One at O'Hare Worldwide Airport in Chicago on Feb....

Next Post
Ukrainian Surgeon Operates On Wounded Russian Soldiers

Ukrainian Surgeon Operates On Wounded Russian Soldiers

Scarce Russian gains, but an escalating humanitarian crisis

Scarce Russian gains, but an escalating humanitarian crisis

Contact Energy Limited (COENF) Shareholder/Analyst Call Transcript

Contact Energy Limited (COENF) Shareholder/Analyst Call Transcript

September 16, 2025
As Trump Expands Strikes on Cartels, Much is Still Unclear – The Cipher Brief

As Trump Expands Strikes on Cartels, Much is Still Unclear – The Cipher Brief

September 16, 2025
Politics And The Markets 09/16/25

Politics And The Markets 09/16/25

September 16, 2025
RBI issues guidelines for payment aggregators, licence now mandatory

RBI issues guidelines for payment aggregators, licence now mandatory

September 16, 2025
gold loans: Gold loans turn safe haven for low-income borrowers

gold loans: Gold loans turn safe haven for low-income borrowers

September 16, 2025
Monday Night Football: How to Watch Buccaneers vs. Texans, Chargers vs. Raiders Tonight

Monday Night Football: How to Watch Buccaneers vs. Texans, Chargers vs. Raiders Tonight

September 16, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Contact Energy Limited (COENF) Shareholder/Analyst Call Transcript

As Trump Expands Strikes on Cartels, Much is Still Unclear – The Cipher Brief

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In