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European Gas Edges Higher With US Storm, Election Day in Focus.

Authors :
Mazneva, Elena
Source :
Bloomberg.com; 11/6/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

European natural gas prices rose due to concerns about a late-season tropical storm affecting US fuel production and the US presidential election. The storm, Rafael, prompted evacuations from oil and gas platforms in the Gulf of Mexico. Analysts noted uncertainty surrounding the storm's trajectory and potential impacts on international trade, taxation, and foreign policy. Despite a temporary increase in gas demand in Europe, mild weather and high storage levels have kept the market balanced. The article also highlighted geopolitical tensions and supply risks that have contributed to market volatility in recent months. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180694649