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Equinor CEO Anders Opedal warned that Europe could face another gas price spike if cold weather lifts demand later this winter. Stocks will be depleted and the region will depend more on attracting scarce LNG cargoes.
Low winter storage combined with competition for limited LNG cargoes could push European and global gas prices higher if the weather turns cold.
After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.