Tag Archives: Bloomberg News Agency

European Gas Prices Drop as Weather Predicted to Turn Warmer

Natural gas prices in Europe extended losses on Thursday as weather forecasts pointed to warmer temperatures, further delaying the start of the heating season in the region. Benchmark futures declined as much as 9.1%, following a slump of 8.2% on Wednesday. Warmer weather is expected in Scandinavia while above normal …

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IEA: Europe could Face Gas Shortage Next Year

Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned Thursday. The IEA said the shortfall would occur if Russia stops pipelines deliveries completely and China steps up its imports of …

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