Europe gas jumps 1% as Middle East tensions stoke supply risks
AI Summary
European wholesale natural gas prices increased over 1% driven by heightened Middle East geopolitical tensions and concerns about potential global LNG shipping disruptions. Key benchmarks such as the Dutch front-month and British contracts rose reflecting supply risk fears.
European wholesale natural gas prices rose nearly over 1% on Monday morning, driven by renewed geopolitical risk in the Middle East and concerns over potential disruptions to global liquefied natural gas shipping corridors. The benchmark Dutch front-month contract climbed 1.6% to 41.38 euros per megawatt-hour. In the United Kingdom, the British contract, similarly gained 1.6% ...