Commodities
European Gas Slumps on Muted Demand and Recovering LNG Flows
- Benchmark falls to lowest in a month in intraday trading
- LNG flows, ample storage, reduced demand pressure prices
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European natural gas prices declined as consumption of the fuel remains muted, while imports from across the globe show signs of recovery.
Benchmark futures fell as much as 4%, to the lowest in about a month. Storage sites across the region are almost full, and industrial demand remains subdued amid a slow recovery from the energy crisis two years ago.