empty
 
 

18.08.202601:35:08UTC+00European Gas Extends Gain

European natural gas prices extended their rally on Tuesday, climbing above €62 per MWh, as hopes dimmed for a Middle East peace agreement that might lead to the reopening of the Strait of Hormuz. President Trump signaled he was in no hurry to resolve the conflict and warned of possible military action against Oman if it impeded US efforts to reach a deal with Iran. Meanwhile, negotiations between Iranian and Omani officials over an interim framework to manage shipping through the strait have so far produced no tangible outcome.

The ongoing maritime blockade continues to delay LNG cargoes from Qatar, tightening the supply of gas available to Europe. At the same time, severe heatwaves across parts of the continent are driving up gas-fired power generation to meet surging air-conditioning demand. Together, these dynamics are slowing the pace of storage injections and putting additional strain on European gas inventories ahead of the winter heating season.

  • 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 $1000 more!
    In August we raffle $1000 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