Denis Shevchuk European natural gas futures have jumped around 25% over the past month, reaching their highest levels in over three years as renewed geopolitical tensions and supply concerns tighten market sentiment. Benchmark Dutch TTF front-month futures, the region’s gas price proxy, have risen more than 20% over the past month to trade around €35–€40 per megawatt hour, according to data from T...
Denis Shevchuk European natural gas futures have jumped around 25% over the past month, reaching their highest levels in over three years as renewed geopolitical tensions and supply concerns tighten market sentiment. Benchmark Dutch TTF front-month futures, the region’s gas price proxy, have risen more than 20% over the past month to trade around €35–€40 per megawatt hour, according to data from Trading Economics . Despite the rebound, prices remain roughly a third below levels seen a year ago, reflecting still-comfortable storage levels and softer industrial demand. The recent gains have been driven in part by heightened risks to global energy infrastructure, with markets increasingly sensitive to potential disruptions in key transit routes and liquefied natural gas flows. The risks to oil supply intensified at the end of last month as the U.S. and Israel struck Iran, and the latter hit back with retaliatory strikes. Traders have also pointed to intermittent outages and maintenance at Norwegian facilities, a critical supplier to Europe, as adding to upward pressure. In contrast, U.S. natural gas prices have remained comparatively subdued. Benchmark Henry Hub prices have not mirrored Europe’s rally, as ample domestic supply and robust storage levels continue to cushion the market. Strong production from key shale basins and limited near-term export constraints have kept U.S. prices anchored, underscoring a widening divergence between the two benchmarks. Analysts say the move underscores how quickly sentiment in Europe’s gas market can shift, even after a relatively mild winter helped preserve inventories. Storage levels remain above seasonal averages, limiting the scope for sustained price spikes in the near term. Still, the market’s reaction highlights lingering fragility. Europe continues to rely heavily on LNG imports following the collapse of Russian pipeline supplies, leaving prices exposed to global competition, particularly from Asia. Forecasts compiled by Tr...
A tower crane collapsed at a construction site in Kwai Chung in Hong Kong on Thursday afternoon, killing the operator and hitting a vehicle on the ground. The accident occurred at 4.27pm near Pik Kwai House at Kwai Chung Estate. Authorities said they had received multiple reports that vehicles were hit, with possible casualties. Emergency crews are on scene. Advertisement The male operator was pro...
A tower crane collapsed at a construction site in Kwai Chung in Hong Kong on Thursday afternoon, killing the operator and hitting a vehicle on the ground. The accident occurred at 4.27pm near Pik Kwai House at Kwai Chung Estate. Authorities said they had received multiple reports that vehicles were hit, with possible casualties. Emergency crews are on scene. Advertisement The male operator was pronounced dead at the scene. Authorities are investigating. More to follow …
The price of oil and natural gas jumped as escalating attacks in the Persian Gulf threatened long-term damage to major energy facilities. European gas futures surged as much as 35% to more than double their pre-war level and Brent crude rose as high as $117 a barrel. An Iranian missile inflicted “ extensive damage ” on a Qatari complex housing the world’s largest liquefied natural gas plant. Also,...
The price of oil and natural gas jumped as escalating attacks in the Persian Gulf threatened long-term damage to major energy facilities. European gas futures surged as much as 35% to more than double their pre-war level and Brent crude rose as high as $117 a barrel. An Iranian missile inflicted “ extensive damage ” on a Qatari complex housing the world’s largest liquefied natural gas plant. Also, a gas facility in Abu Dhabi was shut after being hit by falling debris from an intercepted strike and two oil refineries in Kuwait were set ablaze by drone attacks. Saudi Arabia was assessing damage after a drone fell on a refinery near the Red Sea. The attack on Qatar raises the specter of higher long-term energy prices resulting from the US and Israel’s war on Iran. While oil and gas flows through the Strait of Hormuz could resume once the conflict ends, any badly damaged production facilities in the region could take much longer to recover. “LNG from Qatar could in principle be offline for months and, in the worst case, for years,” said Arne Lohmann Rasmussen , chief analyst at Global Risk Management. “For the gas market, the crisis does not end simply because the war ends and the Strait of Hormuz reopens.” President Donald Trump responded by pressing for a de-escalation . He said Israel would refrain from further strikes on Iran’s South Pars gas field — the attack that prompted Tehran’s retaliation against Qatar. However, the president also said that the US would “massively blow up the entirety” of South Pars if Iran targets Qatar’s LNG facilities again. QatarEnergy said several of the LNG facilities inside its Ras Laffan Industrial City were attacked by missiles, “causing sizable fires and extensive further damage.” While shipments from the LNG plant had already been halted earlier this month due to the war, the latest strikes threatened a longer-lasting supply disruption. Full details of the extent of the damage and the timeline for repairs aren’t yet known. While As...
It added that crews faced "significant difficulties" trying to reach the site due to the closure of iron gates leading to the area, which "had a direct and critical impact on the time available to save the injured victims".
It added that crews faced "significant difficulties" trying to reach the site due to the closure of iron gates leading to the area, which "had a direct and critical impact on the time available to save the injured victims".
Nvidia stock isn't moving off the back of its GTC conference but Wall Street analysts are still applauding and there’s another high-profile cheerleader—Elon Musk.
Nvidia stock isn't moving off the back of its GTC conference but Wall Street analysts are still applauding and there’s another high-profile cheerleader—Elon Musk.
The Hong Kong Securities and Futures Commission. Photo: IC Photo Hong Kong’s securities regulator has warned that a wave of last-minute auditor resignations may signal deeper governance risks, urging the city’s stock exchange to tighten oversight. In a review of the Hong Kong Stock Exchange, the Securities and Futures Commission (SFC) said such resignations, especially close to results announcemen...
The Hong Kong Securities and Futures Commission. Photo: IC Photo Hong Kong’s securities regulator has warned that a wave of last-minute auditor resignations may signal deeper governance risks, urging the city’s stock exchange to tighten oversight. In a review of the Hong Kong Stock Exchange, the Securities and Futures Commission (SFC) said such resignations, especially close to results announcements, should be limited to extreme circumstances.