A sharp decline in prices took place, in particular, after the Trump administration stopped Ukraine’s support, asserted at the rapid end of the war. This led to the assumption that gas flowing from the Russian Federation could return to Europe.
European gas prices continued after reaching a five -month minimum, as entrepreneurs evaluated the possible influence of US war policy on Ukraine war. Bloomberg reported this Friday, March 7.
Gas futures on Friday fell 4.8%. But eventually they grew 6.5% after the fall of the morning, though they generally remain a fourth weekly drop in a row.
The Donald Trump administration weakens Ukraine’s support in the field of security, while at the same time promotes the idea of ending the war and possibly accessing the US to Ukrainian mineral sources. These speculations about the potential return of Russian gas to the European market, which are still suffering from high energy prices.
At the same time, Washington is ready to expand sanctions against Russia’s energy, if it contributes to the cessation of war, said US minister Scott Immentin.
As the front situation remains tense, reducing the likelihood of a rapid uprising. According to the DTEK, as a result of Russian -shelling, gas facilities are damaged -producing in central Ukraine.
Due to gas deficiency, KYIV is forced to increase fuel import from Europe, which further affects the balance of regional supplies.
Although the return of the Russian pipeline gas to the EU remains unlikely after efforts to vary -supplies, the block continues to buy significant Russian lng. However, now the security of energy is declining in the background compared to defense priorities.
The marketplace is influenced by speculators of long -term positions at prices.
“The high level of algorithm trade and rapid political changes are not good partners for a mildly ordered market,” Nick Campbell Managing Director said.
The day before it was known that Ukraine increases gas imports from the EU. This happened against the back of Russian strikes on the objects of the gas sector in recent months.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.