Blue Fuel Prices Surge by 10% on European Exchanges Amidst Australian Workers’ Strike Reports
- Advertisement -
Blue Fuel Prices Surge in Europe Amid Workers’ Strike in Australia
Today, on Monday, prices for blue fuel on European exchanges have seen a significant increase of about 10%. This surge is attributed to reports of a workers’ strike in Australia, which could potentially impact the supply of liquefied natural gas from the country.
Price Surge on European Exchanges
As of 15:39 Moscow time, September futures for the TTF index, the largest gas center in Europe, witnessed a sharp rise of 9.9% to $426.7 per thousand cubic meters.
- Advertisement -
Initially, contracts for blue fuel opened trading with a 1.3% increase, reaching $393.7 per thousand cubic meters. However, these prices further escalated following reports of the potential strike in Australia.
Possible Strike at Chevron’s Liquefied Gas Plants
Prior to the surge in prices, media outlets had reported on the likelihood of a strike by workers at liquefied gas production plants belonging to the American energy company Chevron in Australia.
Source: News
