European natural gas market enters backwardation as storage drops and usage rises while Asian LNG values fall

Friday, 12 January 2024

European natural gas entered backwardation as prices in Europe and Asia dropped to three-year lows even as demand increased as temperatures fell and gas storage levels registered large draws, while US and UK air raids on Yemen still failed to push oil over $80 a barrel.


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Last modified on Saturday, 13 January 2024 07:46
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