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This weekend Europe will have its first near/below zero winter days, and Berlin will go below zero for the first time putting Natural Gas inventories under the real test for the first time, getting us back on track for The Colder, The Better for the Suez Canal and LNG Exports; natural gas prices and inventories will demonstrate energy prices tendencies during winter and how the global energy supplies will be influenced by unpredicted demand.
Supplies faced some shortages coming from
"Norway as two facilities had process issues, on Sunday and is not expected back online until Nov 19" Source: Bloomberg.
"Still, supply could be tight during the coming months, just when Europe needs it most. The continent has relied on the US for much of its imports, and the return of Freeport LNG facility in Texas - following an explosion in June - was set to provide some relief. Now, it looks like the facility will remain offline as repairs continue, and it awaits regulatory approvals to restart." Source: Bloomberg
You can also read the following:
Headline: Diesel price is up by 50%, which is higher than the gasoline prices in the united states, mainly due to shortage worries.
Headline: European Union plans to impose a temporary price cap that works as a mechanism over the primary natural gas hubs to loosen price swings and unexpected fluctuation in demand; the price cap will be more like a mechanism to stabilize the market.
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