European natural gas prices came under pressure yesterday with the TTF front-month contract settling a little more than 6.7% lower on the day and trading to its lowest level since early October.
Short-term fundamentals remain bearish with storage continuing to edge higher.
European gas storage is now more than 99.6% full, which is a record level. All eyes will be on when the heating season gets underway and storage starts to draw, particularly given that storage is essentially full.
Source: ING
European Gas Hub is an online platform for sharing analysis and information about European natural gas markets more info
Sign up to receive our weekly newsletter with new European gas market reports, presentations & analysis. Every Tuesday.
By signing up, I agree to our TOS and Privacy Policy.
© 2020 EuropeanGasHub | All Rights Reserved
