Gas prices in Europe smash previous day’s record

Must read

Biden tests negative for COVID after ‘rebound,’ will isolate until confirmed

President Joe Biden tested negative for COVID-19 on Saturday after a “rebound” case of the virus, but will continue isolating until he receives...

Former Va. Lt. Gov. Justin Fairfax’s #TheyLied Libel Lawsuit Against N.Y. Public Radio

It was just filed today, Fairfax v. N.Y. Public Radio & WNYC (E.D. Va. Aug. 6, 2022); I'm traveling and so don't have...

End Racial Profiling in Immigration Enforcement

Reece Jones of the Texas Observer has a helpful article urging the Biden Administration to end racial profiling in immigration enforcement. Racial...

Today in Supreme Court History: August 6, 1792

8/6/1792: Justice Thomas Johnson takes judicial oath. Justice Thomas Johnson   The post Today in Supreme Court History: August 6, 1792 appeared first on Reason.com.

European prices for natural gas spiked to nearly $2,280 per 1,000 cubic meters on Thursday for the first time in market history, as Russia’s military offensive in Ukraine continues.

Russia provides about 40% of the continent’s gas supplies, while Ukraine is a major transit country for Russian gas. With the conflict now in its eighth day, supply shortage concerns are pushing prices ever higher.

The April futures at the TTF hub in the Netherlands soared to around $2,279 per 1,000 cubic meters, or over €200 per megawatt-hour in household terms, hitting a record high, according to data from London’s ICE exchange.

The latest spike comes a day after prices surpassed the previous record, increasing from around $1,500 to $2,226 per 1,000 cubic meters on Wednesday.

The surge in prices follows a new round of sanctions imposed on Russia by the US and a number of its allies in response to Moscow’s invasion of Ukraine. There are fears that Russia could cut off energy supplies to Europe in response.

For more stories on economy & finance visit RT’s business section

More articles

Latest article

Biden tests negative for COVID after ‘rebound,’ will isolate until confirmed

President Joe Biden tested negative for COVID-19 on Saturday after a “rebound” case of the virus, but will continue isolating until he receives...

Former Va. Lt. Gov. Justin Fairfax’s #TheyLied Libel Lawsuit Against N.Y. Public Radio

It was just filed today, Fairfax v. N.Y. Public Radio & WNYC (E.D. Va. Aug. 6, 2022); I'm traveling and so don't have...

End Racial Profiling in Immigration Enforcement

Reece Jones of the Texas Observer has a helpful article urging the Biden Administration to end racial profiling in immigration enforcement. Racial...

Today in Supreme Court History: August 6, 1792

8/6/1792: Justice Thomas Johnson takes judicial oath. Justice Thomas Johnson   The post Today in Supreme Court History: August 6, 1792 appeared first on Reason.com.

MAGA Victory: Trump-Endorsed Kari Lake Wins Contentious Arizona GOP Gubernatorial Primary

Former President Trump’s track record of endorsing winning candidates kept going this week, as former news anchor and...