European natural gas futures fell toward €33 per megawatt-hour, an eight-week low, as stable supply and easing geopolitical tensions pressured prices. The recent ceasefire between Iran and Israel, brokered by US President Trump, removed the risk premium tied to fears of disruptions through the Strait of Hormuz, which accounts for a fifth of global liquefied natural gas trade. At the same time, weak demand for LNG from China, due to its slowing economy and increased US tariffs, has left more fuel available for Europe. Additionally, the EU reached a deal to loosen gas storage rules, allowing countries to meet the 90% fill target between October 1 and December 1, instead of maintaining it throughout the season.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.