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Global natural gas prices fell on Monday on ample supply and mild weather forecasts. Europe's TTF dropped nearly 7% to near $14/MMBtu, with storage at 99.6% of capacity versus a five-year average of 90%.
Full European storage and mild forecasts push global LNG and gas prices lower, though Russian supply risk keeps some premium, which eases energy costs for feed producers in importing regions.
naturalgasintel.comNov 6, 2023After 104 past bearish weather events, Natural Gas moved a median -7.8% over 5 sessions (22% higher; middle half -14.8% to -0.8%), and -3.3% 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.
