European natural gas prices came under pressure yesterday, falling almost 2.5% on the day, amid hopes of a Russia-Ukraine peace deal, ING's commodity experts Ewa Manthey and Warren Patterson note.
Russian pipeline gas can once again flow into Europe
"Also, the weather forecast in North West Europe is for milder temperatures over the next week. However, EU gas storage continues to tick lower. It’s now a little under 35% full, down from 60% at the same stage last year and below the five-year average of 46%."
"Speculative longs have become nervous that a potential peace deal between Russia and Ukraine could see the resumption of some Russian pipeline gas into Europe."
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now