Austrian gas hub explosion rattles Europe's energy markets
One person died and at least 18 were injured in a gas pipeline explosion near Vienna
Europe’s energy markets were rattled for a second consecutive day after an explosion at a natural gas hub in Austria threatened supplies already pinched from a closed pipeline in the North Sea and a cold snap across the continent.
Natural gas and power prices jumped in Europe, and Brent crude oil futures rose above $65 a barrel for the first time since June 2015, extending its premium over the US benchmark. Britain, which is struggling to absorb the impact of a crack that shut down a key North Sea pipeline network, felt the biggest increases.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
