U.S. Natural GasEdging lower after the EIA reported a 7 Bcf injection into storage, which widened the surplus compared to the 5-year average to 678 Bcf. The Apr-2024 contract is currently 3.5 cents lower at $1.664.
U.S. WeatherThe 6-10 day forecast is calling for below-normal temperatures to cover much of the western two-thirds of the nation, with above-normal temperatures in the eastern third.
U.S. DollarStronger against major rivals after the Labor Department reported initial jobless claims were lower on the week.
OilModerately lower after a major financial institution warned that Germany's economy was likely in recession during the first quarter. The new prompt May-2024 WTI contract is currently 60 cents lower at $80.67.
Equity MarketsContinues to rally after the Federal Reserve reiterated expectations for three interest rate cuts this year.
GeopoliticsEuropean Union officials agreed to a provisional deal to cap duty-free agricultural imports from Ukraine.
Europe Natural GasEuropean natural gas prices are marginally higher along the curve due to a small drop in flows from Norway.
European Natural Gas StorageEurope natural gas storage is currently around 60% of capacity but expected to begin refill season soon.
Europe WeatherFor the week March 10-16, temperatures were above-normal throughout a large portion of Europe, with the highest variance from normal in Central Europe.
Brent OilModerately lower after a major financial institution warned that Germany's economy was likely in recession during the first quarter.
GeopoliticsEuropean Union officials agreed to a provisional deal to cap duty-free agricultural imports from Ukraine.
We assessed the viability of energy purchasing in over 30 deregulated European countries to better understand the uniqueness, capabilities, and gaps of each energy market.
