EnergyHighConfirmedAccelerating
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Brent tops $107 as Middle East crisis escalates; EU gas above €80/MWh
ERT NewsLO·GR·3 days ago
European benchmark gas prices have nearly tripled this year to 83.75 EUR/MWh, the highest level since 2022, signaling renewed supply tightness. Austrian storage at just under 67% indicates below-average regional inventories ahead of winter, raising concerns about energy security and inflation. The price surge suggests persistent structural supply constraints, though the specific driver (e.g., LNG competition, pipeline disruptions) is not detailed in the source.