ENI Rules Out 2022-Style Gas Crisis as TTF Hits €100/MWh; Shell Posts $10.8B Profit

European gas prices have surged to €100/MWh, prompting ENI to publicly rule out a repeat of the 2022 crisis, while Shell's quarterly profit of $10.8B underscores the financial impact of higher energy prices. The price spike suggests renewed supply tightness, but ENI's confidence implies either adequate storage or expectations of demand destruction. The market is watching whether this is a temporary spike or the start of a sustained rally.

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