Vitol threatens to cut off German natural gas in $1 billion standoff<p>Germany is trying to squeeze energy trading firms in the search for gas but it will be a fight.</p><p>I think the market is underestimating the risks around gas this winter. Spot prices have come down but that's because storage is full. If the weather is cold this winter, that storage will be quickly exhausted and prices will jump again. In the spring, the battle to refill storage will restart.</p>
This article was written by Adam Button at forexlive.com.
Source: Vitol threatens to cut off German natural gas in $1 billion standoff (https://forexlive.com/news/vitol-threatens-to-cut-off-german-natural-gas-in-1-billion-standoff-20221104/https://forexlive.com/news/vitol-threatens-to-cut-off-german-natural-gas-in-1-billion-standoff-20221104/)
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