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Prices slightly up following last week's large losses - 01-11-2021

Prices continued to post huge value and dropped on Friday, with gas demand muted with the very warm October to seasonal norms Europe has been experiencing. Meanwhile, comments from Putin that GazProm would fill European storages once it has finished filling its own domestic storage is removing fear from the markets. Prices have opened higher off Friday’s close, often a trading rebound after the large losses seen, however this is also in response to gas supply from Russia via Mallnow dropping to 0. Colder weather for Europe looks to also be on its way as we enter November.