European Natural Gas Prices Soar Amid Middle East Conflict
European natural-gas prices jumped 19% to 63.64 euros a megawatt-hour, fueled by the ongoing war in the Middle East and a disruption to Qatar’s largest liquefied-natural-gas complex. The surge is expected to last for months due to supply chain issues. European gas storage levels are low, making it harder for Western Europe to replenish supplies … Read more