Frosty Forecast Sends European Natural Gas Prices Soaring
Europe's natural gas prices experienced a 5% increase due to forecasts of a cold snap expected to start next week, leading to higher heating and electricity consumption.
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Europe's natural gas prices experienced a 5% increase due to forecasts of a cold snap expected to start next week, leading to higher heating and electricity consumption.
Domestic gold prices kept skyrocketing on December 20 morning to pass the historic high, reaching 75.4 million VND (nearly 3,100 USD) per tael (1.2 ounces).
The warmest autumn in nearly 150 years has led to lower natural gas prices globally due to above-average inventories, reduced demand, and record-high U.S. production.
Muted demand and ample inventories have turned portfolio managers bearish on European natural gas, pushing prices lower.
0043 GMT — Oil futures edge higher in early morning Asian session in possible position adjustments. Some stability has emerged as Russia and Saudi Arabia…