Business Maverick: European Gas Falls Below €50 as Historic Energy Crisis Recedes

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 84%

Business News News

Business Business Latest News,Business Business Headlines

European natural gas futures slumped below €50 a megawatt-hour for the first time in 17 months as the region’s worst energy crisis in decades recedes, but with signs that further price declines are unlikely.

European Carbon Nears Record High as Compliance Deadline Looms

Benchmark front-month futures dropped as much as 6.2% to €48.78 a megawatt-hour, the lowest intraday level since Aug. 31, 2021. The contract has lost about 35% so far this year, but is still about double the usual levels for this time of year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: China warns of retaliation against US over balloon sagaChina warned that it will retaliate against the US over violations of its sovereignty, potentially escalating the lingering balloon dispute just as top diplomats from both nations plan to attend a security conference in Germany. Absolutely stunning amnesia by the US which claims it is under attack by China. One can only marvel in awe at such jaw dropping hypocrisy.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: US concerned Iran and others aiding Russia to secure chipsRussia continues to access foreign chips and technology through intermediaries like Iran, a senior US official responsible for regulating exports said. Because corporate fascist USA empire think they can forever rule the world. Axis of evil just keep on expanding…
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: World Bank chief Malpass to leave, creating Biden openingWorld Bank president David Malpass said he plans to step down by the middle of this year, giving the Biden administration an opening to pick someone to carry out its goal of overhauling the global development lender to focus more on fighting climate change.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Zambia President Slams ‘Black Mamba Kiss of Death’ Lending RatesZambian President Hakainde Hichilema slammed the “suicidal” interest rates on his nation’s foreign debt and said reductions to its principal are needed, a demand that may set up a showdown with Chinese lenders.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: US Producer Prices Exceed Forecast in Biggest Gain Since JuneUS producer prices rebounded in January by more than expected, underscoring persistent inflationary pressures that could push the Federal Reserve to pursue further interest-rate increases in the months ahead.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Bitcoin Tops $25,000 as Crypto Looks Past Regulatory WoeA rally in Bitcoin took the token above $25,000 for the first time since August amid broad gains in crypto markets as investors shook off concerns about a US regulatory clampdown.
Source: dailymaverick - 🏆 3. / 84 Read more »