Rising gas and power costs across the EU, driven by extreme weather, low reserves and market volatility, are weighing heavily on households and businesses, with Greece facing some of the steepest electricity prices in Europe
European gas futures are heading for their strongest weekly gains in more than two years after colder weather, shrinking inventories and geopolitical concerns triggered a sharp reversal in market sentiment
Growing geopolitical tensions threaten pipeline supplies and colder temperatures accelerate storage withdrawals
Hot summer, production curtailments aren’t enough to eliminate surplus natural gas in U.S. storage