Prices ease in Europe but UK storage issues mount

Colder-than-average temperatures have pushed up seasonal consumption in parts of Europe, and UK demand is forecast to be above seasonal norms on Wednesday Colder-than-average temperatures have pushed up seasonal consumption in parts of Europe, and UK demand is forecast to be above seasonal norms on Wednesday.
By Catriona Scott 1 March 2017 0 24304

Colder-than-average temperatures have pushed up seasonal consumption in parts of Europe, and UK demand is forecast to be above seasonal norms on Wednesday. However, strong supply is keeping the market balanced and the pressure on prices is generally increasing as Europe moves into spring. Temperatures are forecast to be around or above average over the coming week across much of Europe, reducing the risk of a late-season spike in prices.

The NBP day-ahead was down to around 44 p/th on Tuesday after having declined steadily from...

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