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Moscow cuts hit, gas price + 43% in one week

2022-06-17T16:35:32.879Z


The cuts in gas supplies from Russia to Europe have caused the price of methane to rise by 43% in one week, from 82.5 to 117.74 euros. (HANDLE)


(ANSA) - MILAN, 17 JUN - The cuts in gas supplies from Russia to Europe have caused the price of methane to rise by 43% in a week, from 82.5 to 117.74 euros.

The balance could have been heavier if, after a very volatile day, futures in Amsterdam had not lost 5.3% on fears of recession.

"The stocks were filling up at a good pace (they had reached 52%, ed) but there was a sudden change this week," Ing's WarrenPatterson told Bloomberg, calling the 60% cut in flows from Nord Stream "significant". .

Russia's move could put Europe in trouble, hindering the accumulation of reserves and driving up prices.

(HANDLE).


Source: ansa

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