Hormuz: The renewed escalation between the U.S. and Iran is once again driving up the risk premium on the European gas market.
Heat Wave: The heat wave is boosting gas demand and, consequently, gas prices in the short term.
Filling rates: The EU appears to be considering lowering its filling targets so as not to contribute to further upward pressure on prices.
LNG Supply: New LNG export capacity mitigates the impact of disruptions, but in the longer term, the LNG market is expected to see significant growth in demand.
OPEC+: The production increases announced by OPEC+ have so far had only a limited impact on additional oil production.
