US and European natural gas prices plummeted on Monday as warm temperatures and ahead-of-schedule storage levels eased winter concerns. The EU was reported ready to advance a dynamic price cap on LNG targeting the Dutch TTF hub, though member states still need to agree.
Warm weather and storage progress reduce demand for gas, and a possible EU price cap is seen as bearish for European prices. Lower gas costs ease energy and fertilizer pressure on feed production.
Setelah 34 peristiwa kebijakan sebelumnya, Gas Alam bergerak median -1,7% selama 5 sesi (38% lebih tinggi; separuh tengah -7,4% sampai +2,5%), dan +2,6% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Warm weather, ahead-of-schedule EU storage and a possible LNG price cap lowered US and European gas prices together, adding sentiment pressure.