RE: How come...9 Aug 2023 12:13
Are the short guys looking at any gas news
UK natural gas futures surged past 87 pence per therm, the highest in five weeks driven by supply concerns, in line with the European benchmark. Natural gas traders are worried about potential disruptions and closures at gas facilities, despite the fact that fuel reserves in the EU are at their highest level ever for this time of year. On top of that, UK wind power generation remains at low levels, increasing the dependency on natural gas. Also pressuring supply, capacity at Norway’s Vesterled pipeline to Britain was lowered until the half of August, before its eventual shutdown in the end of September.
This news is free public knowledge!!!!