European Gas Prices Drop as Warm Weather Eases Winter Shortage Fears

[Epoch-Times-Bot]

European Gas Prices Drop as Warm Weather Eases Winter Shortage Fears

European natural gas prices fell, as mild weather and ample stockpiles ease winter shortage fears, while supplies from Russia dwindle.

Average temperatures will be warmer than usual throughout Europe over the next two weeks, during the worse energy crisis in decades, according to a report in Bloomberg.
The warm weather has led to temporary reprieve and likely will delay withdrawals from gas stockpiles during the colder heating season.
Forecaster Weather Co. is predicting moderate to high wind power potential throughout the continent, which will ease demand for gas power generation and lower prices.
Grid data in the United Kingdom, according to Bloomberg, is predicting similar wind output and energy-price easing....

Source: European Gas Prices Drop as Warm Weather Eases Winter Shortage Fears

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