Commodity Market Report
Global gas & LNG weekly summary: 24 Nov 2022
Report summary
Cooling temperatures cause bigger storage withdrawals in Europe and prices rebound TTF’s front-month contract was trading at $35 intraday on Thursday, about a $2 increase week-over-week, as colder temperatures finally provided the big boosts to demand and storage withdrawals that the bulls were waiting for. As notable as this potential trend-change is, demand remains significantly below normal for this time of year. Amounting to 1.576 bcm/d, this is a 275 mcm/d decrease from the 5-year average of 1.872 and 126 mcm/d below this week last year.
Table of contents
- Cooling temperatures cause bigger storage withdrawals in Europe and prices rebound
- Download the PDF and Excel datapack in the reports download section
Tables and charts
This report includes 1 images and tables including:
- Prices as of 23 Nov 2022
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