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2025-10-30 17:51:30
[UK Gas Prices Weighed on by Weather Factors, European Energy Landscape Undercurrents] ⑴ UK wholesale gas prices fell 5% to 74.50 pence/tham on Thursday, pressured by expectations of warmer weather and stronger winds. ⑵ UK electricity demand is expected to decline by 3.6 gigawatts to 24.8 gigawatts on Friday, with average temperatures rising 4 degrees Celsius to 13.2 degrees Celsius. ⑶ Wind power supply is expected to increase by 5.6 gigawatts to 14.7 gigawatts, with clean energy replacing traditional gas. ⑷ Analysts predict seasonally mild weather for the next two weeks, with wind conditions gradually calming down from next week. ⑸ The Dutch TTF benchmark contract dipped slightly by €0.1 to €31.65/MWh, with the market exhibiting narrow fluctuations. ⑹ European gas storage facilities have shifted from net injection to net extraction, officially initiating the winter consumption cycle. ⑺ The European carbon market benchmark contract rose by €0.38 to €79.17/tonne, as environmental costs continue to climb. (8) US sanctions on Russian oil have sparked discussions in Germany about nationalizing Rosneft's operations, which involve key refining assets.
