December futures spiked to levels last seen in December 2023 on concerns that Russia could halt supplies Natural gas prices in Western Europe spiked on Thursday following warnings from Austrian state energy giant OMV that Russia could halt supplies. The cost of gas futures for December delivery at the TTF hub in the Netherlands jumped by as much as 5% to roughly €475 ($502) per thousand cubic meters, or €46 per megawatt-hour, during morning trading, before retreating slightly later in the day.

Tag-uri: OMV