Europe’s Industry Set to Suffer as Natural Gas Prices Surge ...Middle East

OILPRICE - Economy
Europe’s Industry Set to Suffer as Natural Gas Prices Surge
source : OILPRICE ( Middle East ) () 67
Europe’s industry is set to lose further competitiveness as high energy prices, rising natural gas prices, and concerns about gas supply this winter are increasing uncertainty about factory utilization amid rising costs. European benchmark natural gas prices are hovering around a one-year high hit last month as cold snaps in November dashed hopes and prayers of a third relatively mild winter in a row. In recent weeks, Europe has been depleting its natural gas stocks at the fastest pace since 2016 as demand has increased with the colder temperatures.…

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