Europe taps gas reserves saved for winter ...News

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Europe taps gas reserves saved for winter
This is the first drop in storage levels since the EU started actively storing The EU’s gas storage levels decreased this week for the first time in two months, according to the latest data from Gas Infrastructure Europe, as quoted by Bloomberg. The drop, which is seen as a sign of a deepening energy crisis in the region, sent gas futures soaring to their biggest weekly gains since late February. “Clearly this should not be happening in the injection season,” Warren Patterson, the head of commodities strategy for ING Groep, told the news agency. “This will be unsettling for the market and is likely to keep prices

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