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European gas and power markets are entering winter with prices at record highs amid supply outages in already tight markets. Forward prices include a winter risk premium, and mild weather forecasts so far point to a gentler start to the season.
Storage fell sharply after a cold spell earlier in 2018.
Tight European supply and a risk premium in forward prices support higher gas costs for importers. A mild winter would ease pressure, while a cold snap could push prices higher and draw more LNG cargoes.
oilprice.comTsvetana ParaskovaSep 30, 2018Not enough comparable past events yet for a historical read.
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.
