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European Natural Gas Prices Post Longest Monthly Losing Streak Since 2020 ...Middle East
Europe’s benchmark natural gas prices fell in February for the third consecutive month, extending the monthly losing streak to the longest since 2020, as milder weather, comfortable inventories, and a plunge in demand dragged down prices. The front-month futures at the TTF hub, the benchmark for Europe’s gas trading, lost 19% in February, and have slumped by around 40% since the beginning of the year, according to Bloomberg’s estimates. On the last day of February, the TTF futures settled at $49.50 (46.67 euros) per megawatt-hour…
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