The cost of gas futures traded on June 26 exceeded $400 per thousand cubic meters, a sharp increase of 8% since the beginning of the day. This situation arises against the backdrop of traders’ concerns about the situation in Russia. In this respect informs The Bloomberg agency cites data from the London ICE stock market.
During the trade on June 26, gas prices in Europe rose sharply – the cost of July futures in Europe’s largest hub TTF’s index rose more than 8% since the start of the day to $420 per thousand cubic meters . However, at 12:00 Moscow time sharp growth slowed and gas futures traded at $400 per thousand cubic meters.
According to the agency, this arose against the background of traders’ fears over the events that took place in Russia over the weekend. At the same time, the authors of the article anticipate that price fluctuations in the gas market can occur in a wide range against the background of the situation for Wagner PMC.
22 June On the website of the International Ratings Agency Fitch Ratings (FR) reportedIn 2023, the average foreign exchange price of natural gas in the European energy market will be around 12 dollars per thousand cubic meters or 423.6 dollars per thousand cubic meters. At the same time, in 2024, average fuel prices will fall even further, to $10 per thousand cubic metres. $353 per foot or thousand cubic meters.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.