Gas prices down sharply. Is this the end of expensive heating? [Webinar]

Gas prices in the European TTF hub are currently at levels noticeably lower than those recorded at the end of February 2022. Russia's aggression against Ukraine and the fear of Moscow's energy blackmail were key price drivers on the gas market for most of last year. The progressive diversification of supply sources and a surprisingly warm winter saved Europe from the energy crisis this year. What to expect in the coming months? On the perspectives of the gas market, in progress free online meeting the analyst will tell XTB, Michał Stajniak.

Gas prices continue to fall

Last year on the gas market was associated with exceptional volatility. Russia's aggression against Ukraine has pushed the price of blue fuel to historically high levels, and Moscow's rhetoric fueled fears of a winter energy crisis in Europe. Despite the interruption of supplies, the destruction of the key Nord Stream gas pipeline and subsequent sanctions imposed on Russia, at the beginning of the last quarter of last year, gas prices began to fall successively. The downward trend has led to gas being paid less in Europe than in February 2022. The situation seems to be under control – both in Europe and the United States, as well as in Asia. Is this the end of rising gas prices in Europe and the negative impact on the euro and European companies? Do gas prices in the United States still have a chance to rebound as demand from Europe increases? What to expect from the natural gas market in 2023?

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WEBINAR SCHEDULE:

• Will the drop in gas prices lead to a permanent drop in inflation?
• Will Europe cope economically with another winter?
• What next for natural gas prices?

About the host

Michał Stajniak

Michał Stajniak - Raw Material Market Analyst in XTB. It places particular emphasis on the linkages between the behavior of commodity prices and the currencies of economies heavily dependent on exports of commodities such as oil, iron ore, gold and powdered milk. He is the author of frequent comments comparing commodity price indices with currency pairs such as AUDUSD, NZDUSD, USDCAD, USDNOK, or EURNOK. He represents XTB in the media (including TVN24 BIS, Polsat News, TVP Info, Bankier TV or Onet TV) and is the author of articles in the financial press such as Parkiet, Puls Biznesu and Dziennik Gazeta Prawna. He is a practitioner of the stock market and the derivative market. In his approach, he values ​​fundamental analysis above all, but often uses Fibonacci levels to determine the demand and supply zones needed in a Price Action strategy. A graduate of Quantitative Methods in Economics and Information Systems at the Warsaw School of Economics.

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