8/23, 1:38 PM (Source: TeleTrader)
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Gas prices in Europe slide over 10% after weak data

Natural gas prices for front-month deliveries dropped on Wednesday as gloomy data on the manufacturing activity in Europe raised concern about the commodity's demand in the region, seemingly offsetting fears over its supply following the recent developments with Australian Woodside Energy Group Ltd. and its workers.

For deliveries in September, UK natural gas futures plunged 10.81% to go for 94.630 pence per therm at 1:37 pm CET. For the same month contracts, Dutch TTF natural gas dropped 11.4% to €38.03 per megawatt hour.

Baha Breaking News (BBN) / AB