European gas prices mixed yesterday
With unchanged fundamentals (temperatures are expected to drop gradually, falling briefly below normal during the weekend), European spot gas prices were mixed yesterday. The trend…
Join EnergyScan
Get more analysis and data with our Premium subscription
Ask for a free trial here
The rebound in air traffic on both sides of the Atlantic is fueling optimism, although it remains some 35% below 2919 levels in Europe and road traffic appears to be declining due to increasing restrictions imposed to cope with the rapid spread of the virus on the continent.
Russia is ready to introduce a ban on gasoline exports as soon as next week to limit the rise in domestic prices. Such a measure had already been discussed in April without being implemented. Russia exported 5.83mt of gasoline last year according to Bloomberg calculation.