Europe's natural gas prices fall to 18-month low | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Europe’s natural gas prices have tumbled to their lowest level in nearly 18 months in the latest sign the region has avoided a much-feared energy crisis

. Benchmark wholesale gas prices fell almost 5% Friday to hit €49 per megawatt hour, their lowest level since September 2021 and a fraction of the all-time high of €320 hit in August last year, according to data from Independent Commodity Intelligence Service.

“It’s still relatively expensive, compared with the pre-crisis long-term average, but current price levels do not reflect a risk of shortages anymore, as they did much of last year.

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:

 /  🏆 326. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

this needs to be passed onto the public asap, instead of shareholders this profit must go into the price drop at the retailers..and suppliers of energy.

Talk about the Ohio train, fake news

Germany/Europe buys liquid gas from Russia.

Is Canada following? Enbridge gas canada

That's good. The energy crisis is a global problem, not just Europe.

Not UK tho....

w

Oh my God 😱

United States United States Latest News, United States United States Headlines

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

US new home construction fell in January for the fifth straight month | CNN BusinessUS home building fell again in January, marking five straight months of declines, even as mortgage rates moderated and inflation cooled. who can afford $500,000 for a $175,000 house ! That's down 21.4% from a year ago . Mortgage rates are sky high
Source: CNN - 🏆 4. / 95 Read more »