Europe Gas Prices Near 2022 High Amid Limited LNG Supply

Europe's benchmark natural gas prices at the Dutch TTF facility reached $96.56 per MWh, their highest since December 2022, as Qatar's LNG supply remains limited. This situation poses challenges for the EU in replenishing gas storage ahead of winter, despite a 1% dip on Thursday amid falling crude oil futures. While not directly impacting gold or PKR, sustained high energy costs in Europe could contribute to global inflation concerns, indirectly influencing broader market sentiment.

بحوالہ / Source: oilprice.com