European Gas Up Most Since August as Chevron Shuts Israeli Field
- Prices jump 15% amid Hamas attack, pipeline leak in Baltics
- Australia unions give notice to resume strikes at LNG plants
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European natural gas extended a rally after Israel ordered Chevron Corp. to halt operations at a major gas field, potentially limiting supplies from the eastern Mediterranean region.
Benchmark futures settled 15% higher, the biggest advance in two months. Israel directed the company to temporarily shut the Tamar offshore gas platform because of safety concerns as fighting between Hamas and the Israeli military raged for a third day. Supplies from Leviathan, the nation’s other major field, continue.