Fuel Prices in Europe Surge Amid Looming End to Russian Gas Transit Through Ukraine
Dec 31st 2024 11:41am EST
Gas prices in Europe have shot up to $536 per 1,000 cubic meters during ICE trading, the highest since November 27, 2023, amid expectations of halted Russian gas transit through Ukraine starting January 1. Prices rose by over 4% since the day’s start.
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