Freezing weather panics gas markets
British and Dutch gas for same-day delivery more than doubled to attract extra supply needed for heating
Traders in Europe’s two biggest natural gas markets were scrambling for fuel yesterday, sending prices soaring as freezing weather exposed supply issues.
British and Dutch gas for same-day delivery more than doubled to attract extra supply needed for heating. With Britain increasingly reliant on the rest of Europe for its fuel as it closes its biggest storage facility and the Dutch curbing production from the region’s biggest field to prevent earthquakes, unplanned outages...
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