Dutch TTF Gas Jumps 2% as Winter Storage Race Heats Up

Europe’s benchmark natural gas prices jumped on Tuesday morning in Amsterdam as the Middle East crisis remains a major supply shock amid the European race against time to stock up for the winter. The front-month price at the Dutch Title Transfer Facility (TTF), the benchmark for Europe’s gas trading, rose by 2% as of 8.40 a.m. Amsterdam time, to hit the highest level since the 2022-2023 crisis. At $86.90 (74.820 euros) per megawatt-hour (MWh), the price now exceeds the January 2023 levels, when Europe faced the first winter without...