Close price: Prices rose substantially yesterday, as tensions between Russia and the West grow, and the risk of an attempt to invade Ukraine made more likely. European gas stock levels now sit at 42%, concerningly low.
Opening price: Prices have stabilised this morning, down slightly from yesterdays close. Supplies into Europe from Russia are 40% lower than this time last year. The European Commission is seeking to increase gas deliveries from alternative sources such as the US and Azerbaijan in expectation Russian flows won’t pick up for the foreseeable.
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