• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Natural gas in Europe tops 100 euros per MWh for the first time since 2022

FinanceInternationalCinco Días30 s readAI summary
Image: Cinco Días

Natural gas prices in Europe surpassed 100 euros per megawatt hour for the first time since the 2022 energy crisis. The TTF futures contract in Amsterdam, the European benchmark, is up more than 4%. The surge coincides with the approach of winter, reserves below year-ago levels and fears of an escalation in the conflict with Iran after the US midterm elections, according to The Wall Street Journal. Inflation stood at 3.8% in September.

In 30 seconds

  • The Amsterdam TTF tops 100 euros per MWh, a level not exceeded since December 2022
  • The futures contract is up more than 4% on the day
  • Winter reserves are below year-ago levels
Read the full story at Cinco Días

IASummary generated by artificial intelligence from a story by Cinco Días. It may contain errors: the original source prevails.

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