European natural gas injections may accelerate as warmer-than-usual weather and fears of disruptions via Ukraine make it more profitable to store the heating fuel, according to analysts.
John Ceviker joined Bank of Nova Scotia as vice president of investment banking from Deutsche Bank AG, according to Vlaad and Co., a Toronto-based financial- services recruiting firm.
The reopening of a link between Britain and Belgium may help slow declines in U.K. natural gas prices this week as maintenance starts on the only natural gas pipeline directly from Russia to Germany.
U.K. natural gas fell to a three- year low as weather forecasts pointed to higher temperatures this week than previously estimated and demand declined to the lowest level since October.
U.K. natural gas dropped to the lowest level since August 2011 as warmer weather reduced demand for heating and storage after the mildest winter in seven years.
U.K. and Dutch natural gas prices climbed the most in more than three months as Russia’s pipeline- gas export monopoly OAO Gazprom cut shipments to Ukraine, threatening flows to the European Union.
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.
Natural gas prices in Europe are poised to drop more than 20 percent in the first quarter amid the mildest weather since 2008, as snow storms push U.S. costs to a four-year high.
"Some geopolitical uncertainty along with cooler forecasts for this week is set to support system demand."
- Nick Campbell on Nov 24, 2014