European Gas Rises Again on Mideast Supply Risks
Спикеры
Stephen Stapczynski
— Энергетический сектор Азии, Bloomberg
European natural gas prices are rising for a third day as the Strait of Hormuz crisis cuts LNG deliveries into Europe by about 20% year-on-year, removing roughly a fifth of global LNG supply. Stephen Stapczynski explains that Europe is not rushing to refill storage and that lower inventories should keep future gas prices elevated. He also highlights a tightening diesel market driven by Ukrainian attacks on Russian refining and Middle East supply disruptions through Hormuz, with winter demand set to add pressure.
- European gas prices rose for a third day on Middle East supply risks.
- LNG deliveries into Europe are down about 20% year-on-year, removing about one-fifth of global LNG supply.
- Europe is not setting hard refill targets; lower inventories may keep future natural gas prices higher.
- India and some Northeast Asian countries are filling part of the LNG supply gap.
- Diesel prices are at multi-week highs as Ukrainian strikes hit Russian refining and exports.
- Middle East supply disruptions through Hormuz add to diesel tightness.
- Higher natural gas and diesel prices into winter may raise European consumer bills and inflation.
Идеи
European natural gas prices face upside pressure.
European natural gas prices should face continued upside pressure because LNG deliveries into Europe are down about 20% year-on-year due to the Strait of Hormuz crisis, removing roughly a fifth of global LNG supply. Europe is not rushing to refill and has not set hard inventory targets like after the Ukraine invasion, so lower inventories will drain further and force future natural gas prices higher, raising costs for European consumers and fueling inflation.
Diesel market tightening on supply disruptions.
Diesel prices are at multi-week highs and the diesel market should remain tight because Ukrainian attacks are increasingly knocking out Russian refining capacity and exports, while Middle East diesel and energy flows are also disrupted through Hormuz. With winter heating demand increasing and diesel serving as the workhorse fuel for transport and industry, diesel cracks and producer profits are rising with no clear let-up in supply losses.
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This Bloomberg Markets video, published September 02, 2026, features Stephen Stapczynski discussing UNG, DIESEL. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Stephen Stapczynski · Tickers: UNG, DIESEL