Oil & Gas – Uncertainty as a driver of market turbulence
TTF market correction: The sharp price increase of recent weeks corrected this week after tensions in Iran receded and weather forecasts improved.
Large gas stock replenishment task: Assuming average winter weather, the replenishment task for the EU in the summer months will be around 15 bcm greater than in recent years.
Volatility in the oil market: Geopolitical tensions surrounding Iran and the US led to price increases and decreases in the oil market.
Fed independence: A weaker dollar is dampening fuel prices in Europe, but political pressure on the Fed is increasing market uncertainty.
