Nord Stream 2's subsea route will not allow it to escape EU competition law, placing in doubt the feasibility of the project, speakers said at a debate in the European Parliament.
Speculative traders have sharply cut their short positions in oil and gas futures in advance of the ‘emergency’ meeting of oil producers in Doha later this month.
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The low price of gas in the United States is increasing the popularity of the fuel in the country’s power generation mix and threatening to oust coal from its top position. Healthy gas storage levels in the US are weighing on regional gas prices, a trend that is expected to continue in the coming months.