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The Maltese Herald

Miriam Dalli’s energy trade goes in the red

—

by

Mark Camilleri
in

Miriam Dalli’s unhedged and naked purchase of gas indexed at oil market prices is in the red compared to US Natural Gas futures.

The last update is here.

Price comparisons are dated as of April 12th.

Brent Crude: -15%
Natural Gas (US): -26%
Natura Gas (Dutch EU): +12%

Gas storage in Europe is full and Nordstream flows have been completely replaced.

The US intends to push the oil price down to $72 but OPEC is making efforts to prevent this from happening as Saudi Arabia and Russia struggle to keep the oil price up.

Comments

  1. Will the West break the gas price? – Mark Camilleri avatar
    Will the West break the gas price? – Mark Camilleri

    […] purchases as it set the price of its gas purchases according to changes to the oil price when the current trend is clearly much more in favor of gas prices going […]

    Reply

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