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Commodity Tracker: 4 charts to watch this week

From spglobal.com

EU gas storage sites are now filled to 77% of capacity and are on track to meet the bloc's Nov. 1 filling target of 90% well ahead of time. The EU's overall stock level is expected to hit 95% of capacity by the end of September, according to S&P Global Commodity Insights analysts. What's next? If storage sites are filled by the end of the summer, traders could look to use spare storage capacity in Ukraine to store surplus gas. This was the case in 2020 after the pandemic saw reduced gas demand and European storage sites top out well before winter. However, there concerns remain about the security of storing gas in ... (full story)

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  • Category: Fundamental Analysis