Europe's Gas Prices Soar Ahead of Winter
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Insights by Echo AI
European natural gas prices have surged by around 160% since January, reaching levels not seen before as the continent heads into winter. Gas storage facilities are at critically low levels, with Germany at only 57% capacity. Experts warn that an unexpectedly cold November could drive prices up to $30-$40 per million British thermal units, and a severe winter could lead to prices having 'no ceiling'.
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