Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Inventory Alert Sounded as European Gas Prices Wrestle Between Weak Demand and Low Storage

Inventory Alert Sounded as European Gas Prices Wrestle Between Weak Demand and Low Storage

汇通财经汇通财经2026/02/10 09:57
Show original
⑴ On Tuesday, benchmark UK and Dutch wholesale prices remained stable, as expectations of weak demand due to mild temperatures and high wind power output were offset by ongoing concerns over low storage levels in Europe. ⑵ Data showed that the benchmark front-month contract price at the Dutch TTF hub edged up by 0.33 to 33.38 per megawatt hour. ⑶ Despite bearish fundamentals, including forecasts for mild temperatures and high expected output from European wind farms, persistent concerns over low storage levels supported the market. ⑷ Data indicated that demand in the non-local delivery zones of Northwest Europe (including heating) is expected to decrease by 155 GWh/day. ⑸ Some analysts pointed out that prices are supported by risks related to storage, which increases the need for robust LNG supply. ⑹ The latest data shows that European storage facilities are currently only 36.7% full, the lowest level for the same period since 2022. ⑺ According to a head of energy market analysis, the key difference compared to 2022 is that, after losing Russian pipeline flows via Ukraine and the shutdown of Groningen, Europe’s structural supply flexibility has been significantly reduced. ⑻ In the European carbon market, the benchmark contract price fell by 0.32 to 81.03 per tonne.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

US steps up pressure! Nearly 90% of economists bet the Bank of Japan will raise interest rates to 1.25% on Friday

Amid inflation and U.S. pressure, nearly 90% of experts expect the Bank of Japan to hike interest rates by 25 basis points to 1.25% this Friday, further increasing volatility in the yen exchange rate.

智通财经2026/09/16 03:31
US steps up pressure! Nearly 90% of economists bet the Bank of Japan will raise interest rates to 1.25% on Friday

Evercore ISI reaffirms “Outperform” rating on Netflix (NFLX.US), optimistic about live sports broadcasts and short videos as blockbuster growth engines

Evercore ISI has raised the price target for the streaming platform Netflix (NFLX.US) from $100 to $110 and reiterated its "outperform" rating.

智通财经2026/09/16 03:31
Evercore ISI reaffirms “Outperform” rating on Netflix (NFLX.US), optimistic about live sports broadcasts and short videos as blockbuster growth engines

$44.8 million per shipment! The cost of transporting US crude oil to Asia hits a record high

As Middle Eastern supply disruptions intensify and buyers scramble to secure energy sources, the cost of shipping U.S. crude oil to Asia has soared to a new record.

智通财经2026/09/16 03:11
$44.8 million per shipment! The cost of transporting US crude oil to Asia hits a record high