Winter

Europe is set to enter the winter with its lowest gas reserves in 13 years. With storage levels at only 63% in late August, experts warn of increased price volatility during the heating season.

Gas reserves in Europe are less full than usual, imports from the Middle East are limited, and prices remain high. However, Norbert Rücker of Julius Bär argues that the fear of a crisis stems mainly from the trauma of 2022 and the chance of a significant shortage is lower.