Europe nat gas at 17 month low

http://mikenormaneconomics.blogspot.com/2023/02/europe-nat-gas-at-17-month-low…
Created
Sat, 18/02/2023 - 23:33
Updated
Sat, 18/02/2023 - 23:33

 

Ok fixed the gas supply…. FTSE at all time highs and STOXX just shy of it….  ECB close to terminal rate… So now the drunk neo-Soviet commies are just left with their war… 


Futures have plunged by more than 80% from their August peak when Russia’s gas cuts hit Europe with about $1 trillion in energy costs, hammering the region’s economy and pushing inflation to the highest in decades. Now, the continent is seeing a sharp turnaround as relatively mild weather, efforts to reduce fuel consumption and strong inflows of liquefied natural gas from the US to Qatar take the edge off.