Dutch natgas drops briefly below 100 euros Monday as LNG heads to Europe; rebounding Tuesday; contango? really? (1)

Price rebounded Tuesday morning London time to 104 euros / MWh.


CarrZee: Contango through 3Q assumes European war to extend. What if it is over by May 9, the 77th anniversary of the defeat by Russia of real Nazis in the second world war?

Backwardation starts in 4Q.

Contango on Tuesday

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