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OTC Gasprices jump at all European trading hubs, as massive short covering was triggered by an uncertain supply outlook for the upcoming years…time is ticking for tremendous inflation risks…

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IEA says global oil demand growth will be tempered by higher prices and a weaker economic outlook from the second half of 2022 onwards

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OTC Gasmarkets in Europe: If you want to hear the good news first, then it is this: Commercial storages in the EU are actually at 52% full, which is 10% better compared to last year…the bad news is that consumers will have to pay 3-7 times higher prices for natural gas in this year compared to 2020…that means inflation will go higher than 10% this year…

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