Europe's high natural-gas prices were getting a break after the Norweigian government intervened to halt a potentially damaging strike by oil and gas workers.
European natural-gas prices fell sharply on Wednesday, after a strike was called off by Norwegian oil and gas workers that would have pressured a market already under significant strain from Russia’s war in Ukraine.
Industrial... European natural-gas prices fell sharply on Wednesday, after a strike was called off by Norwegian oil and gas workers that would have pressured a market already under significant strain from Russia’s war in Ukraine. Industrial action by offshore Norwegian workers threatened to shut down six natural gas fields, potentially cutting the major exporter’s supply by 13%. The crisis appeared to end on Tuesday after the country’s government reportedly intervened to resolve the dispute over pay.
Russia’s invasion of Ukraine in late February has sent prices of global commodities soaring and many European countries are struggling to build natural gas supplies ahead of winter.
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