A continuing cold blast across Europe, something we pointed out at the first of the month was forecasted to happen, has led to higher energy prices and drawn down NatGas inventories. We explained on Dec. 1 that a weather phenomenon known as a "Greenland blocking" event would pour cold Arctic air over Europe in the first half of the month.
Latest forecasts via Bloomberg show average temperatures across Northwest Europe are expected to continue sliding well below a 30-year trendline to around 27 degrees Fahrenheit by Dec. 18. The cold…Artic Blast Draws Down European Natural Gas Inventories
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