Prices highest since October 2023 after transit deal ends as storage supply levels in Europe fall at fastest pace since 2021
The wholesale price of gas has risen to its highest level in more than a year after Russian supplies stopped flowing to Europe through Ukraine.
Benchmark prices rose to the highest level since October 2023, a day after a longstanding transit contract between Russia and Ukraine expired. Russian gas deliveries across Ukraine expired in the early hours of New Year’s Day after an agreement signed in 2019 expired.
Continue reading...
