European Gas Prices Fall but Supply Impact Caps Losses -- Market Talk

Dow Jones03-24

0847 GMT - European natural-gas prices fall, with the benchmark Dutch TTF front-month contract down 1.6% to 55.78 euros a megawatt-hour after a sharp drop in the previous trading session. "Global gas prices came under pressure on the potential de-escalation of hostilities in the Middle East," ANZ analysts write. However, "the selloff was less severe, given that recent damage to infrastructure in the region will have a lasting impact on supply." Meanwhile, the European Union has called on member states to start filling gas storage early to ensure proper refilling for the next heating season. "Starting storage injections as early as possible would allow us to benefit from a longer injection period and adapt to market circumstances to mitigate pressure on prices and avoid end-of-summer rush," Energy Commissioner Dan Jorgensen said. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 04:48 ET (08:48 GMT)

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