A decrease of the indicator value may contribute to the fall in quotes of NG.
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By the beginning of the second half of April, the EU's underground gas storage facilities (UGS) were only 36% full, 42% below last year's level. At the same time, the volume of gas withdrawals remains almost twice as high as in 2024, despite the heating season ending on March 28.
Baker Hughes released its report on the number of oil and gas rigs in the US one day earlier due to the Good Friday holiday. The count rose by two over the past week, reaching a total of 585 units. While marking the first increase in four weeks, the rise remained below last year's levels.
The European Commission (EC) has abandoned a proposal to ban Russian LNG imports, which had been under review as part of new restrictive measures. The decision came after talks with several EU member states that expressed worries over the lack of alternative energy sources, Reuters reports.
Asian countries seek to purchase more energy from the US in an attempt to reduce their trade surplus with Washington and ease the impact of Donald Trump’s duties.
Event announcement Natural gas
The USD publication is expected
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