Daniel Kral: European wholesale gas prices surge 20 percent

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02.03.2026

Daniel Kral: European wholesale gas prices surge 20 percent — European gas prices surge 20 percent

European wholesale gas prices climbed over 20 percent today, driven by ongoing uncertainty related to conflict in the Middle East.

Daniel Kral notes that despite today’s sharp jump, prices remain below January levels, pointing to market expectations of only a brief disruption. The lower cost of summer deliveries suggests an outlook for limited impact, while the arrival of spring and rising temperatures is providing relief to the region.

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