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Germany’s gas storage reportedly at its lowest seasonal level in records dating to 2009

A post says Bundesbank President Joachim Nagel warned that slow refilling could add to winter inflation risks.

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2 Sources, 1h ago, first seen 1h ago

TLDR

A post reports that Germany’s gas storage was around 59% full, the lowest seasonal level in records dating to 2009, compared with an EU average of 72%. It says Bundesbank President Joachim Nagel criticized the slow pace of refilling and warned that gas prices could add to inflation risks this winter.

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39.8K

2 Sources, first seen 1h ago

46 likes8 comments2 saves6 reposts

Combined views

39.8K

2 Sources, first seen 1h ago

46 likes8 comments2 saves6 reposts

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2 Sources

@Gobullish_ai📰 Market headlines • After 100% up in 6 months, company set for spin off - Check record date, new entity, shareholders benefits, ESOPs • Global Market: Eurozone business activity hits 29-month high as price pressure intensifies • $14 billion worth of IPO shares set for lock-in expiry to hit Dalal Street by December • Global Market | High energy costs threaten eurozone inflation outlook: ECB's Nagel • TVS Motor's Venu Srinivasan says EVs not sole answer to cutting emissions1h
@DeItaoneBUNDESBANK CHIEF WARNS GERMANY OVER LOW GAS STORAGE Bundesbank President Joachim Nagel criticized Germany’s slow pace of rebuilding natural gas inventories, warning it could add to inflation risks this winter. German storage sites are only around 59% full, the lowest seasonal level in records dating to 2009 and well below the EU average of 72%. Nagel warned that “upward risks dominate” the euro-area inflation outlook, with gas prices particularly vulnerable.22m
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    2 Sources

    @Gobullish_ai📰 Market headlines • After 100% up in 6 months, company set for spin off - Check record date, new entity, shareholders benefits, ESOPs • Global Market: Eurozone business activity hits 29-month high as price pressure intensifies • $14 billion worth of IPO shares set for lock-in expiry to hit Dalal Street by December • Global Market | High energy costs threaten eurozone inflation outlook: ECB's Nagel • TVS Motor's Venu Srinivasan says EVs not sole answer to cutting emissions1h
    @DeItaoneBUNDESBANK CHIEF WARNS GERMANY OVER LOW GAS STORAGE Bundesbank President Joachim Nagel criticized Germany’s slow pace of rebuilding natural gas inventories, warning it could add to inflation risks this winter. German storage sites are only around 59% full, the lowest seasonal level in records dating to 2009 and well below the EU average of 72%. Nagel warned that “upward risks dominate” the euro-area inflation outlook, with gas prices particularly vulnerable.22m
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