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.
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.
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.
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.
Increased liquefied natural gas deliveries into the U.K. are helping damp prices in Europe’s biggest market as a stronger pound helps narrow the discount of the chilled fuel in Europe to Asia.
U.K. natural gas fell to its lowest level since October 2011, extending its longest monthly declining streak in at least 13 years, as above-average storage levels and mild weather offset concern about supply via Ukraine.
"Some geopolitical uncertainty along with cooler forecasts for this week is set to support system demand."
- Nick Campbell on Nov 24, 2014