European natural gas prices surge to highest levels since 2022 amid Houthi attacks
LNG Cheniere Energy Inc
$287.01 +0.98%
View chart & analysis → - 1European wholesale natural gas futures resumed an upward trend on Tuesday, heading toward levels not seen since 2022.
- 2Houthi rebels increased supply risks by conducting drone and missile attacks on Saudi Arabian infrastructure.
- 3As of mid-October, European Union underground gas storage capacity stands at 74.1%, which is lower than the historical average.
So what's the key point?
Gas supplies have become unstable due to attacks on facilities by Houthi rebels. Prices may rise further as gas storage levels are at 74.1%, which is below the historical average.
Source Investing.com · View original ↗
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