Skip to content

European Gas Extends Slump With Focus on Russia-Ukraine Talks

  • Prices have dropped to about a third of last week’s record
  • Traders remain on edge as risk to Russian flows still remains
Updated on

European natural gas prices extended last week’s drop as Russian and Ukrainian negotiators are set to continue talks.

Russia’s invasion of the neighboring country roiled commodity markets from gas to grains, with sanctions aimed at isolating Moscow putting traders on edge. A fourth day of negotiations between Ukraine and Russia paused on Monday, but that was made so each side could take stock.