Wednesday, July 2, 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

Nike (NKE) bets on innovation and brand distinction to get back on track

Nike (NKE) bets on innovation and brand distinction to get back on track

by Staff Correspondent
July 2, 2025
0

Nike’s (NYSE: NKE) inventory rallied after the sneaker large reported stronger-than-expected fourth-quarter outcomes final week. Nevertheless, the numbers declined year-over-year...

Is Crypto About to Fuel the Next Housing Boom?

Is Crypto About to Fuel the Next Housing Boom?

by Ian King
July 1, 2025
0

Lately, I wrote about how blockchain may spark the following actual property growth. Simply days after I printed that article, we’re...

Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum

Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum

by Tanaya Macheel
July 1, 2025
0

Fundstrat's Tom Lee is becoming a member of a bit of identified bitcoin miner aiming to change into the most...

Variable Universal Life Insurance (VUL): What You Need to Know

Variable Universal Life Insurance (VUL): What You Need to Know

by Robin Hartill, CFP®
June 29, 2025
0

Variable common life insurance coverage is a everlasting coverage with a versatile demise profit and premiums.VUL insurance policies can help...

Top Wall Street analysts like these 3 dividend stocks for enhanced returns

Top Wall Street analysts like these 3 dividend stocks for enhanced returns

by TipRanks.com Staff
June 30, 2025
0

An indication sits in entrance of a McDonald's restaurant on Could 13, 2025 in Chicago, Illinois. Scott Olson | Getty...

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

Cut Costs Not Quality: 5 Grocery Upgrades That Save Money in the Long Run

by Logan Kirkby
June 30, 2025
0

Prostock-studio / Shutterstock.comGrocery costs stay excessive, and many consumers search for methods to trim their payments with out giving up...

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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Nifty IT top sectoral gainer today; Infosys, TCS, Wipro lead

Nifty IT top sectoral gainer today; Infosys, TCS, Wipro lead

July 2, 2025
Trump’s ‘Big, Beautiful Bill’ passes Senate: What’s in it, who voted how? | Donald Trump News

Trump’s ‘Big, Beautiful Bill’ passes Senate: What’s in it, who voted how? | Donald Trump News

July 2, 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

July 2, 2025
SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

SEC Clears Grayscale Digital Large Cap Fund for NYSE Arca ETF Listing

July 2, 2025
Paramount Settles With Trump, Resolves ‘60 Minutes’ Lawsuit

Paramount Settles With Trump, Resolves ‘60 Minutes’ Lawsuit

July 2, 2025
Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a .1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

Ambrook, a startup providing specialized accounting software for US farmers and ranchers, raised a $26.1M Series A led by Thrive Capital and Figma's Dylan Field (Allie Garfinkle/Fortune)

July 2, 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

Nifty IT top sectoral gainer today; Infosys, TCS, Wipro lead

Trump’s ‘Big, Beautiful Bill’ passes Senate: What’s in it, who voted how? | Donald Trump News

  • 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