Energy & Science
Gas Plunges in Europe On Concern Virus Weakens Economy
- Carbon dropped; Dutch gas hit lowest level in a decade
- Europe now the epicenter of the coronavirus outbreak
A busker plays a clarinet on a deserted bridge on March 16 with Berlin closes down to combat the spread of coronavirus.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Energy commodities plunged in Europe on concern that lockdowns stemming from the coronavirus outbreak are hurting the economy.
Carbon emissions dropped as much as 13% Monday on ICE Futures to the lowest level since February 2019, undoing some of the commodity’s recent resilience. The front-year Dutch natural gas contract fell 2.8% to its lowest level in more than a decade, and German year-ahead power benchmark slid as much as 4.7%, the lowest since April 2018.