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European Gas Prices Mixed Ahead Of Potential Action At Australian Plants

European gas prices were mixed on Tuesday morning as the British and Dutch markets kept a close eye on Australia, where there is still the possibility of industrial action at two Chevron Australian liquefied natural gas (LNG) facilities. Dutch gas prices for September delivery...

European Gas Prices Freefall as Australian Strike Winds Down

European natural gas prices have declined amid signs that the ongoing labor dispute at Australia’s biggest liquefied natural gas export plant is winding to a close. Benchmark futures fell by 21%, the most since March 2022. Gas prices have remained volatile throughout August, with traders...

G7 Resumes Support for Gas Investments in Latest Meeting

The Group of Seven nations agreed during their meeting on Saturday to reinstate support for gas investments amid concerns by climate change activists that this move could compromise climate change goals. The G7 called this a "temporary" step that would help the nations concerned...

European Economy Sees Marginal Growth in Q1

European economic growth came out at a slender 0.1% over the first three months of 2023, with the eurozone narrowly managing to avoid a potential recession during the winter months. While both European and U.S. economic growth for the first quarter was disappointing, Europe's growth...

European Energy Prices Spike Amid French Strikes and Nuclear Concerns

European energy prices soared on Friday as concerns about France's nuclear fleet and disruptions caused by strikes make front-page headlines. In addition, a late winter cold front has also triggered supply concerns. Benchmark natural gas futures surged by 21%; the biggest rise since June last...

Europe Prepares for Winter Without Russian Gas, CERAWeek Speakers Explain

Speakers at the CERAWeek energy conference observed that Europe is set to struggle to build up gas supplies for the next winter as the continent looks to cut itself off from Russian supplies. While Europe still made use this winter of Russian imports that arrived...