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European gas prices dip from 11-week high, but Middle East risks persist

On Thursday, the contract briefly rose to €41.85/MWh intraday, its highest degree since April 2.

The British front-month contract was down by 3.51p to 95.15p/therm, after additionally hitting its highest since April 2 at 98.66p/therm on Thursday.

“It was tensions within the Center East that supported costs, with the market more and more fearing US involvement within the Israel-Iran battle,” analysts at Engie EnergyScan stated of their morning report.


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Ryan

Ryan O'Neill is a maritime enthusiast and writer who has a passion for studying and writing about ships and the maritime industry in general. With a deep passion for the sea and all things nautical, Ryan has a plan to unite maritime professionals to share their knowledge and truly connect Sea 2 Shore.

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