European Gas Falls to Lowest in a Year Before Trump–Putin Talks

Europe’s natural gas prices slid to the lowest level in more than a year ahead of a historic summit between US President Donald Trump and Russia’s Vladimir Putin, which will seek to end a war that collapsed fuel flows from what was once the continent’s biggest supplier.

Gas futures traded in Amsterdam dropped to the lowest since last July, extending a more than 10% drop since the start of this month. While few traders foresee an imminent return of Russian pipeline gas to Europe — even if a ceasefire in Ukraine is agreed — any tightening or loosening of sanctions on Russian energy could have significant implications for global supplies.