European gas prices surged by up to 13% following a supply disruption in Norway, leading to the highest levels in 2024. The outage highlighted the market's vulnerability due to overreliance on a limited supply. The disruption impacted both natural gas and crude oil prices.
Urgent repairs to a pipe on a gas platform in #Norway are underway. But the event served as a grim reminder that even small outages can send European prices soaring https://t.co/YXbfvZ8ZDW by @TwigaLundgren @priazrocha @a_shiryaevskaya
Wholesale costs for natural gas have hit their highest levels across Europe since December last year after key Norwegian export operations were shut down due to a cracked pipe. Read more đź”— https://t.co/ZRhyIB2EV6
European natural gas prices surge to a 6-month high due to sudden outages in Norway, impacting crude oil prices. Oil has fallen from $80 to $74 since last Wednesday, potentially signaling a decrease in demand for goods due to lower diesel consumption. @jonnajarian @petenajarian… https://t.co/nwEEFiQc3i
We think there is a pretty decent Nat Gas trade looming in Europe! We have made a killing on the trade so far and LNG inflows remain weak with an accordingly weak filling pace of European storages. More -> https://t.co/6uYvtDqa3k https://t.co/6OfEDNE024
Europe’s natural gas price on Monday SOARED to highest level this year following outage at gas processing plant in Norway The price of the European benchmark TTF surged past €38 per megawatt hour on the Intercontinental Exchange, up more than 13% before falling back to €36.80… https://t.co/crNKcSTZ0j
European gas price jumps 13% after Norwegian outage Rise highlights continuing market unease despite close to record levels of storage https://t.co/qityG5RHIk
European Gas Prices Surge 13% Amid Norwegian Outages https://t.co/kklDpT2nvI
Norway outage pushes European gas prices to highest in 2024 https://t.co/3mmGrsA8vx https://t.co/POt3jfWrEo
👇 Update on the issue affecting Norwegian gas exports. https://t.co/8pagOHB1ut
European gas price jumps 13% after Norwegian outage https://t.co/gZXu7fZVNZ
"Norway is now the single largest supplier of natural gas to Europe. "The surge in price “highlights the fragility of the European gas market and increased overreliance on a smaller pool of supply sources.” https://t.co/RZfQYZ0kJb #energy #NaturalGas #shale #fintwit #oilandgas… https://t.co/qqYgUR67AV
BREAKING: Europe gas price soars 10% on Norway supply disruption https://t.co/4LqOi7kYbO https://t.co/sm3ZIUfbf0