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Europe Gas Prices Jump 6% as Saudi Pipeline Shutdown Rattles Markets

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Europe’s benchmark natural gas prices jumped by 6% at Monday market opening in Amsterdam as oil prices rallied amid the escalation in the Middle East that threatens the recovery of energy flows.

The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, soared by 6% as of 7:50 a. m. Amsterdam time on Monday, to hit the highest level since the 2022-2023 crisis. At $97. 31 (84.

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Original source: OilPrice.com

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