The price of gas today in Europe ... a slight decline in anticipation of the Trump and Putin meeting

European natural gas prices are on their way to a weekly decline, in light of marketing the markets for a possible meeting between US President Donald Trump and his Russian counterpart, Vladimir Putin, who in the future could attract the characteristics of commercial policies in the energy sector. Standard future contracts scored a slight decline on Friday and are on their way to a limited weekly loss, amid trade within a close range between 32 and 35 euros per megawat/hour, which is the level that has maintained prices since July. An upcoming summit without details has announced that Trump and Putin are expected to meet in the coming days, in a place not yet disclosed. The possibilities of the bilateral summit increased after Trump expressed his willingness to meet his Russian counterpart, even though Putin had not yet agreed to hold a similar meeting with Ukrainian President Folodimir Zellinski. In light of his frustration with Putin’s refusal to reach a ceasefire since his return to the White House, the US president has threatened to set up secondary sanctions on countries that continue to import energy from Russia. Trump announced the doubling of customs duties on India to 50% on Wednesday due to the purchase of Russian oil, and it is not excluded from the setting of additional sanctions that can be announced by Friday. As Europe competes with other senior buyers for gas supplies, Trump’s steps can lead to the tightening of the global offer at a time when the continent is still trying to secure sufficient amounts of fuel in preparation for winter. Until now, Europe has been able to make progress in strengthening its shares, although the fall in prices in recent times has apparently asked some consignments to change its destination. Dutch future contracts have decreased to the nearest month of law, which is the reference standard for gas prices in Europe, slightly to 32.77 euros per megawat per hour, at 09:09 hours Amsterdam.