Weather forecast drives wholesale gas price down 8% 

Four LNG cargoes bound for Europe changed course to Asia since October 20, looking for higher demand and rates

European wholesale gas prices fell 8%, with traders focusing on weather forecasts, while some fuel cargoes are starting to divert away from the region.

The recent warmth, strong imports of liquefied natural gas and fuller-than-normal gas stockpiles have given Europe a much-needed reprieve from the energy crisis with prices losing more than 60% from August peaks. 

WEATHER CENTRE

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