European gas prices are set for a fourth weekly gain as the Hormuz crisis and record-low storage levels fuel a growing fight for LNG supply.

European gas prices surge amid fears of Middle East supply disruptions. Crude oil reaching a new all-time high by December 31 at 12% YES.

Marcelli Fabiani (Oxford Economics): “Weak global demand and US LNG should prevent extreme price spikes”. Tabarelli (Nomisma Energia): “The only consolation is that we have…