European Gas Prices Spike 30% After Russian Supply Cuts ...Middle East

OILPRICE - Economy
European Gas Prices Spike 30% After Russian Supply Cuts
source : OILPRICE ( Middle East ) () 20
European gas prices have surged 30% in the space of two days after Russia made good its threat to slash gas deliveries to the continent in half from already reduced levels. After Tuesday’s surge, Wednesday saw another 9% hike in natural gas prices, nearing the record high reached in March shortly after Russia invaded Ukraine, the Independent said, citing market observers.  Futures contracts for August delivery tied to the European benchmark wholesale gas price TTF jumped 20% on Tuesday to exceed €210/MWh, representing a more than…

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