Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
9 April 2025 | Gas

EU hesitates on high US gas costs amid trade tensions — Politico

Natural gas
EU hesitates on high US gas costs amid trade tensions — Politico

As US President Donald Trump insists Europe increase its spending on American gas by $350 billion, the European Union plans to lower its gas storage targets from 90% to 80% to curb expenses. Meeting this US demand could potentially resolve tariff disputes between the transatlantic allies, Politico reports.

The seven largest EU member states endorse the reduction in gas storage goals, contending that higher requirements necessitate purchasing costly US gas during periods of peak prices.

The situation is further complicated by Trump's recently imposed tariffs on EU exports, Politico notes. Heightened trade tensions could diminish industrial output and fuel consumption in Europe. Despite the EU's reliance on American gas and its efforts to initiate negotiations, US officials remain steadfast.

Anton Volkov MarketCheese

Recommended

United States. CFTC Natural Gas speculative net positions. The value of the indicator has decreased from -173.5K to -176.7K
26 June
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 563 to 573
26 June
United States. Natural Gas Storage. The value of the indicator has increased from 73B to 76B
25 June
United States. CFTC Natural Gas speculative net positions. The value of the indicator has increased from -194K to -173.5K
22 June
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 562 to 563
18 June
Top news
United States. PCE price index (YoY). The value of the indicator has increased from 3.8% to 4.1%
25 June
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 3.3% to 3.4%
25 June
United States. GDP (QoQ). The value of the indicator has increased from 1.6% to 2.1%
25 June
European Union. Manufacturing PMI. The value of the indicator has decreased from 51.6 to 51.3
23 June
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
18 June
All news

Forecasts

AUDCAD buy
Period: 26.07.2026 Expectation: 1600 pips
Buying AUDCAD from support level
Indicators and reports FA Other Hot news Chart analysis
26 June 2026 49
Reed_Marcus
GBPUSD sell
Period: 03.07.2026 Expectation: 1310 pips
GBPUSD is still poised for further downside
Technical analysis FA Other Chart analysis Indicators Fundamental analysis
26 June 2026 30
Lyra_Moonwell1
Brent sell
Period: 03.07.2026 Expectation: 500 pips
Higher supply and weaker demand is likely to push Brent into red zone by weekend
Technical analysis Hot news Indicators Fundamental analysis
26 June 2026 21
Emily_Foster
USDCAD buy
Period: 26.07.2026 Expectation: 3100 pips
Invest in USDCAD up to 1.45000
Indicators and reports FA Other Hot news Chart analysis
26 June 2026 28
Sinclair_John
ETHUSD sell
Period: 02.07.2026 Expectation: 19500 pips
Selling ETHUSD with $1,585 in view following short-lived recovery
Technical analysis FA Other Chart analysis Indicators Fundamental analysis
25 June 2026 41
Lyra_Moonwell1
AUDCAD buy
Period: 31.07.2026 Expectation: 220 pips
Buying AUDCAD up to 0.9837
TA Other FA Other
25 June 2026 26
Bruce_Powers
Go to forecasts