Europe & Russia Price trends

April 2017

Supply problems and weather-driven demand have supported prices, but fundamentals will weigh on them over the coming weeks.

After strong demand growth at the start of the year, gas consumption in Europe’s largest markets is set to fall over the coming months. This will weigh on prices in the region.

The NBP day-ahead was around 40-41 p/th in early April and had fallen to around 39 p/th by the middle of the month. Period of colder weather provided demand-side support for prices as heating use temporarily increased....

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