European gas demand is down 10% y-o-y due to weak demand from the power and heating sector, while industrial gas demand remains flat, Rabobank’s commodity analysts note. Geopolitical tensions continue to drive price volatility “A colder-than-usual winter will increase heating demand and competition for LNG, but Europe is unlikely to come out as the premium […]
Natural Gas dips lower at the start of the week on the EU Gas storage report. Chinese economic numbers are deteriorating again, easing Gas demand. The US Dollar index trades choppy on the back of Trump’s shooting over the weekend. Natural Gas price (XNG/USD) slides lower on Monday after European data showed Germany’s Gas storage […]
Share: Open interest in natural gas futures markets reversed the previous daily drop and went up by nearly 12K contracts on Tuesday according to preliminary readings from CME Group. Volume, instead, shrank by around 41.6K contracts, partially setting aside the previous daily build. Natural Gas faces the next up barrier at $3.00 Prices […]
Share: Natural Gas price recovers following the release of US inflation data which comes out lower than expected, weighing on the US Dollar. Natural Gas had been trading flat-to-lower prior to the data on Friday due to greater-than-expected stockpiles in Europe. This largely eclipsed US data out on Thursday showing a fall in inventories last […]
