Article about the recent moves on the gas market. Points made:
- Gas prices have skyrocketed to a 5 (or more)-year maximum. In Europe, but there’s a rise everywhere else, too.
- This is the result of many factors: rising demand in Asia, overall price increase of the energy complex, relatively low storage levels in Europe.
- The outlook is ambiguous as always. A lot of premium has been built up in these price levels, however all depends on the upcoming winter as well as on the volatile commodity market.
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