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2026-09-09T17:12:08.000Z

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Greek tanker with Iraqi oil en route east of Fao

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10 Hrs2026-09-09T13:13:04.000Z
Greek tanker with Iraqi oil en route east of Fao

Emirati Al-Alamiya Buys 80% of Marlan

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14 Hrs2026-09-09T09:34:00.000Z
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European gas prices hit three-year high

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17 Hrs2026-09-09T06:27:36.000Z
European gas prices hit three-year high

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ECB confronts tough challenge

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19 Hrs2026-09-09T04:47:03.000Z
ECB confronts tough challenge
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European gas surpasses $93

Natural gas prices in Europe have risen to over $93 per megawatt-hour for the first time in more than three years, amid increasing supply risks due to intensified fighting in the Middle East and reports of an attack on the Yamal gas project in Russia. Gas prices have doubled since the start of the Middle Eastern conflict, although they remain below the levels seen during the previous energy crisis. The market anticipates that continued disruptions to the Yamal project, which supplies 5% of Europe's needs, will lead to higher demand for liquefied natural gas and rising prices. This poses a threat of increased winter costs and economic pressure across Europe, especially with rising inflation and expectations of interest rate hikes.

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