European natural gas futures climbed to €42 per megawatt-hour on Thursday, June 4, as utilities across Germany, France, and the Netherlands ramped up injection programmes ahead of the winter heating season. European gas storage currently sits at 56% capacity, below the five-year seasonal average of 63%, raising concerns among energy…
Brent crude slipped below $80 per barrel for the first time since February after Saudi Arabia signaled it will lift production by roughly 400,000 barrels per day beginning in July, a move that has raised fresh concerns about cohesion within the OPEC+ alliance. The kingdom’s decision follows months of frustration…