European natural gas prices fall to the lowest level in a month as the weather improves
Natural gas futures in Europe hit a 5-week low as weather forecasts improved, which could ease pressure on rapidly dwindling fuel inventories.
And Record contracts for natural gas by up to 6.9%, following the decline in gas prices in the United States, which was also affected by rising temperatures.
In Europe, some models indicate milder weather than usual during the next few days, which may provide an outlet for the turbulent market since the beginning of the year.
Gas prices in Europe have witnessed sharp fluctuations since last January, as climate change, production outages in various parts of the world, and geopolitical risks disturbed sentiment. Market.
The company reported "Inspired" In its weekly report that "Short-term gas contracts will remain sensitive to storage and weather conditions". She added that concerns about dwindling stocks may limit the decline in prices.
Storage levels reached European Union is below 34%, the lowest level since the crisis in 2022, while fuel tank levels in Germany, the region’s largest market, fell below 24%.
Dutch front-month futures, the European benchmark for gas, fell 4.4% to 31.07 euros per megawatt-hour.
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