Europe Set for Mild Month as Forecasters See Winter on Hold
- Above-normal temperatures would ease pressure on gas storage
- Gas prices have fallen but remain 80% above year-ago levels
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Europe is set for a mild November, easing pressure on natural-gas storage as the region’s energy crunch restricts supplies ahead of winter.
Long-range outlooks from forecasters Maxar Technologies LLC and Marex show no cold spells for the month -- a relief for households worried about the cost of heating and for governments keen to preserve gas stocks following a slump in Russian supply.