EU gas markets have seen a sudden bout of volatility over the last 10 days. The gas trading market in Europe is seeing an influx of traders who do not normally play on that market.
EU gas markets have seen a sudden bout of volatility over the last 10 days.
All this happened before the latest events in Russia that rattled commodity markets. And it will be happening again. Because traders are crowding the natural gas space, eager to make some money like others did last year. Volatility has come back to natural gas markets. this week that the gas trading market in Europe is seeing an influx of traders who do not normally play on that market but were tempted by the record profits gas traders made last year.
In addition to the trap that is the gas market, there appears to be actual concern among traders about the sufficiency of gas supply for Europe. Norway has been going through some extended outages due to field maintenance, and the Netherlands has reiterated it will close the Groningen gas field. Both of these suggest doubts over the security of supply going forward.
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