Commodities Weekly: EU Gas Prices to Fall Further
- By Viresh Kanabar
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- 4 min read
Summary
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- We remain bearish on Dutch TTF futures following the spike in price after the maintenance issues in Norway.
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- Gas in storage remains at seasonally record highs of 80% and could reach 90% by September.
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- Driving gas prices lower are weak gas consumption, ample LNG supply from the US, and continued supply from Russia.
Summary
-
- We remain bearish on Dutch TTF futures following the spike in price after the maintenance issues in Norway.
-
- Gas in storage remains at seasonally record highs of 80% and could reach 90% by September.
-
- Driving gas prices lower are weak gas consumption, ample LNG supply from the US, and continued supply from Russia.
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