Inspired Energy PLC’s Risk Manager, Nick Campbell has been featured in Bloomberg News again today discussing how a sixth month of warmer-than-usual weather in May, is set to extend the longest losing streak for European natural gas prices in almost five years.
Four of six meteorologists predict temperatures in Western Europe will be above normal this month, according to a Bloomberg poll. Above-average gas inventories and easing concerns of cuts in Russian gas supplies to Europe mean fuel prices may fall further, according to Inspired Energy Plc, an energy consultant in Kirkham, England.
“Lowering the fear surrounding the disruption to gas moving east to west combined with high storage levels and milder weather suggest we could push lower,”
Nick Campbell, Risk Manager