7 Hrs
Source:
اقتصاد سكاي نيوز عربية
European gas reaches late 2022 highs while oil falls
European natural gas prices have risen to their highest level since the end of 2022, due to disruptions in Gulf supplies and falling German inventories. Storage facility fill rates in Europe have decreased to 73.75% compared to 83% last year, which is below the five-year average of 89%. Additionally, the war in the Middle East has caused disruptions in Qatar's exports, and competition between Asia and Europe for gas imports has increased, pushing prices upward. Conversely, the price of Brent crude oil per barrel has declined to $104.60, as the market has absorbed expectations of a slowdown in global demand.
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