News

European Gas Prices Slide as Concerns About Israeli Output Ease - Bloomberg

Bloomberg · last updated

European Gas Prices Slide as Concerns About Israeli Output Ease - Bloomberg

Europe Gas Swings as Winter Risks Counter Easing Israel Concerns

- Benchmark Dutch gas futures fluctuate after dropping earlier
- Goldman Sachs sees winter prices flat if no supply shocks

European natural gas fluctuated, with traders weighing winter risks against reduced concerns about short-term supplies from the Middle East.

Benchmark futures swung between modest gains and losses after dropping more than 4% earlier. Windy weather and above-normal temperatures are expected in parts of Europe this week, exerting pressure on prices. In addition, Israel’s gas flows to Egypt have increased after Chevron Corp. resumed output at its major Tamar field, meaning more capacity for liquefied natural gas exports to Europe from the north African country.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

Up Next

Europe Gas Swings as Winter Risks Counter Easing Israel Concerns

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up