European gas futures rise in anticipation of higher heating demand due to upcoming cooler weather, despite concerns over minimal Russian gas supplies.
Start Trading CFDs Over 2,200 Different InstrumentsStart Trading CFDs Over 2,200 Different Instruments1 day2 daysEuropean natural gas futures have reversed their steep decline after forecasts of cooler weather in the coming months increased the prospects of higher heating demand. Benchmark futures climbed as much as 4% on Tuesday’s session, before paring some gains. Dutch front-month gas traded 2.3% higher at €37.
The only country below the EU’s 1 November target of 90% storage filled is Belgium . The fill rates for the main five holders of capacity are 95% for Germany, 95.7% for Italy, 96% for the Netherlands, 90.3% for France and 93.8% for Austria. Norwegian outages. With European markets flush with gas, there’s considerable downside risk the expected cold weather fails to materialize.to your account to post your comment, or enter a different email address to continue with your comment & account creation.Please understand that, by submitting this form, you will be creating a free OilPrice.com account, and therefore agree to abide by our. Your details will be stored in our database and shared with our third party mailing list provider.
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