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Month-ahead power prices in Europe fell this week after weather forecasts signaled that warmer than usual and windier weather conditions would prevail in northwest Europe in the coming weeks
After the aftermath of Omicron’s initial market scare, hedge funds are buying up petroleum futures and options contracts once again
European benchmark natural gas prices rose on Wednesday for the third day in a row, as gas deliveries from Russia via Ukraine and Poland continue to be low while another cold snap is headed to Europe
Russia’s Gazprom hasn’t booked transit capacity for Monday for natural gas exports via a key pipeline route to Germany, which was sending gas eastwards for a sixth consecutive day
European gas prices touched an all-time high when gas flow from Russia reversed course as freezing winter sets in over the continent and renewable sources, like wind, fail to generate any reasonable amounts of power.