Home / Market Update / Commodities / Macron: France supports common gas purchase at EU level

Macron: France supports common gas purchase at EU level

French President Emmanuel Macron announced EU member states could satisfy gas storage targets, having 92-93% of the storage capacity already filled.

Macron’s statements came after his phone talks with German Chancellor Olaf Scholz. Markets paid little attention to these comments and EUR/USD was last losing 0.3% on the day at 0.9920.


Additional takeaways

“Germany needs our gas and we need power from the rest of Europe, notably Germany.”,

“On energy prices, measures are at first-hand national but there must also be measures at a European level.”

“France is in favour of common gas buying at a European level.”

“We need to act against speculation on energy prices at an EU level.”

Check Also

ExxonMobil

Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank

Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, driven by …