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European Union energy ministers have agreed a gas price cap to try to lower gas prices that have pushed energy bills higher and driven record-high inflation this year after Russia cut off most of.
German and Italian natural gas futures listed on the Intercontinental Exchange (ICE) hit fresh highs in May amid a scramble in Europe to secure supplies
Additional volatility in the global natural gas market set off by Russia’s invasion of Ukraine earlier this year is driving liquidity in global benchmarks