During the transaction on June 1, the price of gas for July delivery fell to $268 per thousand cubic meters, the lowest figure in the last two years. In this respect to witness Data on the London ICE stock exchange.
During the auction, prices fell below $300 per thousand cubic meters and below $268 per thousand cubic meters. This is the lowest fuel cost since September 2021. As of 15.06 Moscow time, gas futures cost $266.38, indicating the continued decline in prices.
May 29, Deputy Director of the “Economic Center of the Fuel and Energy Complex” TsSR Sergey Kolobanov declarationLast year’s record high gas prices were driven by Europeans anticipating a winter fuel shortage. However, Europe is more relaxed this year due to supply confidence.
Prior to that, Bloomberg reported that the price of gas in Europe has fallen for eight weeks in a row, the longest period of price declines since 2007. According to the institution, the main reason for this is the decrease in demand due to rising inflation and negative forecasts in the global economy.
Source: Gazeta
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