empty
 
 

24.07.202606:57:33UTC+00UK Natural Gas Hovers at 4-Month High

UK natural gas prices rose back above 150 pence per therm on Friday, reaching a four-month high amid mounting concerns over Europe’s LNG supply security as fighting between the US and Iran escalates. The US has carried out airstrikes on Iran for 13 consecutive nights, with President Donald Trump warning Tehran and its Houthi allies in Yemen of “major military punishment” if they launch further attacks on vessels in the Red Sea.

UK gas prices are up more than 9% so far this week and have surged over 44% in July. Reduced LNG flows from the Persian Gulf have intensified competition with Asian buyers, while hotter-than-normal weather across Europe has driven up electricity demand for cooling. Together, these factors are making it more difficult for Europe to rebuild gas inventories ahead of the winter heating season.

Equinor, Europe’s largest gas supplier, has warned that the bloc is unlikely to achieve its 80% storage target before the start of the heating season, leaving the market more exposed to sharp price swings once colder weather sets in.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback