Prices trade sideways but storage, geopolitics concerns remain
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Dutch and British wholesale gas prices remained stable on Wednesday, with the Dutch front-month contract at 34.80 euros/MWh and the British front-month contract at 92.07 pence per therm. Market volatility is expected due to geopolitical tensions and low storage levels, alongside fluctuating LNG flows. Slightly higher temperatures and strong wind power generation may reduce demand, but a cold spell is anticipated next week. The European carbon market also saw a slight decline, with the benchmark contract at 81.86 euros per metric ton.
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