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Prices expected to trade in narrow range on stable demand and improved Norwegian supply Cooler forecast for northwest Europe could lift heating demand from next weekend Middle East tensions have pushed North Asian LNG prices to nearly triple pre-conflict levels LONDON, Oct 13 (Reuters) — Dutch and British gas prices ro
Dutch and British gas prices rose Tuesday morning as cooler weather forecasts and low inventories supported prices. Analysts expected a narrow range during the day, citing stable demand and improved Norwegian supply after short-term outages.
November gas futures fell 2.0% to $3.043 per mmBtu as forecasts pointed to weaker demand this week and higher output after the Mountaineer XPress pipeline returned to service. Analysts estimated US gas inventories at 2.4% above the five-year average for the week ended September 25.