European gas slides; ECB warns of quicker inflation impact

AI Summary

European and British natural gas prices have declined more than 2%, influenced by maritime tankers securing alternative routes around Persian Gulf choke points, which reduced energy risk premiums. The Dutch TTF front-month contract dropped to 77.55 euros per megawatt-hour.

European and British wholesale natural gas prices extended their downward march on Monday, dropping over 2% as growing evidence of maritime tankers securing alternative bypass routes around Persian Gulf choke points helped deflate extreme energy risk premia. The benchmark Dutch front-month TTF contract fell 2.5% to trade at 77.55 euros per megawatt-hour (MWh), building on ...