Even Warning of Full-Out War in Ukraine Can’t Faze Gas Traders

August 19, 2016 12:54 PM

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How can you tell there’s a gas glut in Europe? When even the threat of a full-scale invasion into the continent’s largest gas transit country by its largest outside supplier can’t raise prices.

After Ukrainian President Petro Poroshenko warned on Thursday its conflict with Russia could escalate further amid building violence in Crimea, saying he didn’t rule out a complete war, European natural gas prices continued their weekly decline without interruption. As much as 40 percent of Europe’s...

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