economy
March 4, 2026
CHAOS ON THE MARKET AMIDST WAR Unseen for a Long Time, New Gas Prices Announced!
Gas prices on European stock exchanges exceeded $700 per thousand cubic meters for the first time since January 23, 2023, according to data from the London ICE stock exchange on Tuesday.
TL;DR
- European gas prices exceeded $700 per thousand cubic meters, a level not seen since January 23, 2023.
- April futures on the TTF index opened at $586.7 and reached $710.8 per thousand cubic meters.
- QatarEnergy suspended LNG production following a drone attack on a major Qatari LNG facility.
- Drone debris reportedly fell on a Saudi Aramco oil refinery in Ras Tanura.
- Traffic through the Strait of Hormuz has nearly halted due to escalating conflict.
- Insurance companies are increasing premiums and revising terms due to rising security threats.
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