2/13, 10:22 AM (Source: TeleTrader)
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Gentiloni: Gas prices fell due to low consumption

Natural gas prices have fallen in the European Union mostly due to lower consumption and diversification of supply sources, European Commissioner for Economy Paolo Gentiloni said on Monday.

Speaking after the release of the commission's Winter 2023 Economic Forecast, he noted that the bloc's labor market is except to remain tight in 2023 and 2024.

Global growth momentum weakened but without a rapid slowdown and the global economic outlook improved only marginally, according to Gentiloni.

Baha Breaking News (BBN) / MS