European Natural Gas Prices Post Longest Monthly Losing Streak Since 2020 ...Middle East

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European Natural Gas Prices Post Longest Monthly Losing Streak Since 2020
source : OILPRICE ( Middle East ) () 35
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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