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Markets & Forecasts

No apparent floor to relentless price losses at European hubs

European gas markets saw more of the same over the past week, as milder-than-normal temperatures, compounded by healthy supplies, continued to push spot prices to new lows European gas markets saw more of the same over the past week, as milder-than-normal temperatures, compounded by healthy supplies, continued to push spot prices to new lows.
By Fatima Sadouki 31 March 2014 Europe & Russia / Supply & Demand 0 24890

European gas markets saw more of the same over the past week, as milder-than-normal temperatures, compounded by healthy supplies, continued to push spot prices to new lows. And with above-seasonal temperatures forecast for the next two weeks, there is scope for further downside.

NBP prices

Cooler weather in the UK did little to support prices. The UK spot price lost about 3.6 p/th in value during the week ending 28 March, when it finished at 51.90 p/th. Demand on Monday was expected to linger...