The benchmark European gas prices continued their rally this week, surging to new record highs on Wednesday Five European countries, which include Spain and France, issued a joint statement on Wednesday on the troublesome high energy prices The statement calls for a probe into the gas market and for a reform of the wholesale electricity market As Europe‚Äôs benchmark gas prices hit records highs every day amid tight supply, the European Union (EU) is looking at a single-market response to the surging energy prices as it scrambles to keep its green targets amid soaring power bills. The benchmark European gas prices continued their rally this week, surging to new record highs on Tuesday to an equivalent of $205 a barrel oil , amid a wider energy commodity rally driven by supply concerns ahead of the winter. The gas price at the Dutch TTF hub, the benchmark gas price for […]