Jun. 30 at 7:16 PM
$VG European natural gas prices rose to around €43.6 per MWh on Tuesday, the highest in more than two weeks, as investors looked ahead to US–Iran talks in Qatar following weekend strikes from both sides that stoked supply fears. President Donald Trump said negotiations with Tehran are set to resume today after both sides agreed to halt a series of back-and-forth attacks over the Strait of Hormuz. Also supporting prices, hotter weather across Europe is ramping up gas-fired power generation to meet air conditioning demand, tightening supply conditions. The region continues to struggle to rebuild inventories to historical norms, with storage facilities currently around 48% full on average, raising concerns that the region could enter the winter season with the lowest gas reserves in 15 years. Despite the increase, EU gas prices are still on track for a monthly decline of more than 5% and a 14% loss for the second quarter.
https://tradingeconomics.com/commodity/eu-natural-gas
