Europe Gas Price Forecast Revisited

Oil is over a hundred dollars per barrel at this point, and inflation has been ino the big mackerel concern in recent months. About 20 % of gas supply in europe comes from russia, 60 % in germany. And so our commodity strategists have lifted the european gas price forecast sharply. In other countries that are less exposed to gas imports from europe, most of the inflation effects will come through the oil markets more globally integrated than the gas markets.