Energy
7.1
Europe faces winter energy crunch as gas reserves deplete, prices surge
Published 1 h ago1 sourceEvidence: Reported
SeverityHighAssessedDeveloping storyOilPrice.comEU
September saw the highest number of LNG carriers transit the Strait of Hormuz since the conflict began, yet European gas prices have not fallen and are expected to rise further. The disconnect suggests supply constraints elsewhere or persistent risk premium, indicating continued upward pressure on European gas prices.
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