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Prices defying fundamentals in European gas market

Q2 saw a continuation of the European gas price rally that began in late February and lasted until early June, when prices stabilised. The monthly average TTF front-month price rose from 8.14 USD/MMBtu in February to 10.12 USD/MMBtu in May and 10.87 USD/MMBtu in June. The recent price rally and stabilisation of European gas prices occurred despite higher European production […]

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