Europe's Gas Prices Surge to €60 Amid Mideast Tensions, Storage Woes
European natural gas prices have surged to €60/MWh, driven by renewed US-Iran hostilities disrupting LNG flows and leaving EU gas storage significantly bel
Market-moving news and intelligence across global energy markets.
European natural gas prices have surged to €60/MWh, driven by renewed US-Iran hostilities disrupting LNG flows and leaving EU gas storage significantly bel
Goldman Sachs raises European gas price forecasts for Q3 and Q4 2026, citing prolonged disruptions in Persian Gulf LNG exports via the Strait of Hormuz.
The European Union recommends suspending methane emission penalties for oil and gas firms from 2027-2030, citing energy security and US pressure amid the U
The EU recommends suspending methane emission penalties for oil and gas firms from 2027-2030, prioritizing energy security over climate goals amid global m
European refiners are achieving unprecedented profits as war-driven supply disruptions and critically low fuel inventories push margins to record highs, fu
The EU has postponed a decision on new Russian sanctions, freezing the oil price cap until July 23 as internal disagreements and rising crude prices compli
The European Commission will recommend delaying penalties for methane emissions from oil and gas imports, addressing concerns over potential supply disrupt
European natural gas prices, benchmarked by Dutch TTF futures, jumped over 3% as renewed US-Iran tensions in the Strait of Hormuz disrupted LNG shipments.
The European Union failed to endorse its 21st sanctions package against Russia, stalling measures on LNG transport and the oil price cap.
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