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Henry Hub and TTF prices collapse following low temperatures
Both sides of the Atlantic appear to have mirrored one another recently in terms of weather, with the U.S. and Europe both experiencing recent drops in temperature followed by a warming trend in the ten-day outlook for major population centers. This provided short-lived relief to a lagging storage withdrawal season on both continents and a brief run-up in Henry Hub pricing in the U.S. and TTF in Europe. However, that brief respite has given way to lower pricing, signaling an increasing risk of oversupply this summer. Both the U.S. and Europe entered the previous 2023 injection season with storage brimming. In the ... (full story)