Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Gas in Europe has become 1.5 times more expensive than oil


September, 07 2021
watermark Economic news

Analysts note that gas on the European market has become 1.5 times more expensive than oil due to low reserves in underground gas storage facilities (UGS). The price of the October gas futures broke another record, reaching $660 per thousand cubic meters (or about $110 per barrel of oil equivalent). At the same time, the price of November Brent oil futures fell to $72 per barrel.


The low gas supply in gas storage facilities was caused by a cold winter a year ago and a hot summer in 2021. There is now 10-15 billion cubic meters less gas in European storage facilities than there should be for a comfortable passage of the winter season. Moreover, Gazprom is in no hurry to increase gas injection into storage facilities or increase sales on the spot market on the eve of the launch of Nord Stream 2.


Experts note that last year gas prices were record low, and now they are record high, so it is unlikely that the gas market will remain stable at record levels. Moreover, such high prices may negatively affect the global economic recovery.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.