Europe’s Winter Gas Prices Tumble on Weak Demand Outlook
- Dutch futures for February delivery slumped as much as 8.5%
- Inventories, low demand and weather are curbing prices
A floating storage liquefied natural gas regasification terminal vessel in the port of Piombino, Italy.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
European natural gas prices for the winter months tumbled amid tepid demand, while higher-than-normal fuel stockpiles make it easier to prepare for the upcoming heating season.
Benchmark Dutch futures for February plunged as much as 8.5% — the biggest drop in four months — before paring losses. Prices for December and January also slumped.