European prices rally for first week in 10

The volatility in European gas prices in recent days has highlighted a conundrum for traders: whether the energy crisis is still acute enough to justify importing additional seaborne liquefied natural gas cargoes during the low-demand summer months.

The price of the European gas benchmark Title Transfer Facility (TTF) rose as much as 20 per cent to €36 per megawatt hour on Tuesday, extending a run that began last week when it rallied for the first week in 10.

TTF has fallen more than 90 per cent since the peak of the energy crisis from an all-time high above €340/MwH last summer as Europe refilled its stores and reduced its reliance on gas from Russia. But the prices have been jolted by forecasts of hotter weather and supply outages extended at key fields in Norway, and traders are beginning to fret over the EU’s gas supplies despite its storage being unusually high for this time of year.

Diversified Energy Company plc (LON:DEC), formerly Diversified Gas & Oil plc, is a gas and oil production company operating in the Appalachian Basin in the United States. 

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    X
    LinkedIn
    Diversified Energy Company plc

    More articles like this

    Diversified Energy Company plc

    Natural Gas as a reliable energy source

    Natural gas is an essential energy resource that continues to power economies across the globe. Known for its abundance and reliability, it is primarily composed of methane and is extracted from deep beneath the earth’s surface.

    Diversified Energy Company plc

    Diversified Energy Company and the future of fracking in Pennsylvania

    Pennsylvanians involved in the fracking industry remain confident that their sector will persist, regardless of the outcome of the upcoming presidential election. Both major candidates—Republican Donald Trump and Democrat Kamala Harris—are promising support for the hydraulic

    Diversified Energy Company plc

    Natural Gas benefits for businesses

    Natural gas offers numerous advantages for businesses, including reliability, flexibility, and a substantial reduction in carbon emissions compared to other non-renewable energy sources. As a clean-burning option, it helps meet the rising energy demands while simultaneously

    Diversified Energy Company plc

    Driving the future of sustainable energy solutions

    The global energy sector is undergoing a significant transformation, driven by innovation, sustainability initiatives, and the increasing demand for reliable energy sources. As the world looks to transition towards greener solutions, traditional energy companies are evolving

    Diversified Energy Company plc

    Diversified Energy Company completes Crescent Pass acquisition

    Diversified Energy Company PLC (LON/NYSE: DEC) has announced the closing of its acquisition of the of high-working interest, operated natural gas properties and related facilities located within eastern Texas (the “Assets”) from Crescent Pass Energy). Acquisition Highlights