Article

Wholesale gas prices in Europe surged to a ten-week high above €32 per MWh, influenced by rising demand expectations and geopolitical tensions surrounding Iran. The key futures contract at the Title Transfer Facility in the Netherlands increased nearly five percent, while concerns over supply disruptions due to protests in Iran further compounded the situation. With temperatures in Northwestern Europe expected to drop, heating demand may rise, although EU gas storage remains relatively healthy at nearly 54% full.