Market brief · Economy & rates

TTF Gas Hits $92.95 as Gulf Tensions Weigh on Energy Markets

Europe’s benchmark natural gas prices held above the 80-euro mark early on Wednesday, staying close to 2022 highs, as low gas volumes in storage sites fuel concerns about winter supplies amid continued disruption and widening conflict in the Middle East. The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, rose by 0.3% to $$92.95 (80.545 euros) per megawatt-hour (MWh) as of 9:15 a.m. in Amsterdam on Wednesday. Prices have held above the 80-euro per MWh threshold this week, after soaring…