Bloomberg reports rising gas prices amid growing global demand

Bloomberg highlights the ongoing surge in European natural gas prices. Investors get more concerned about potential market tightening as global fuel demand spikes in various regions.

After a period of relative stability, experts are once again observing rising prices for gas futures. According to the news agency, they have increased by 3.2% recently.

So far, Europe has managed to secure sufficient natural gas volumes to replenish reserves ahead of the next heating season. However, further demand growth from other regions—particularly Asia and South America—could disrupt the EU’s winter preparations, Bloomberg notes.

The news agency reports that Germany, Europe’s largest economy, may face higher energy consumption this month due to lower-than-expected output from wind farms. This could reduce the volumes flowing into storage and put additional pressure on prices.

Another key factor influencing European natural gas prices is the progress in EU-US trade talks, Bloomberg adds.