Europe’s Natural Gas Prices Set For Longest Weekly Losing Streak In A Decade ...Middle East

Benchmark natural gas prices in Europe continued their freefall this week and were headed to post the longest weekly losing streak since 2013 amid weak demand.   The front-month futures at the TTF hub, the benchmark for Europe’s gas trading, plunged by 5.7% to $25.75 (24 euros) per megawatt-hour (MWh) as of 12:34. p.m. GMT on Friday.   Gas prices were on course to drop by as much as 15% this week alone, according to estimates by The Wall Street Journal. Prices have now tumbled by 66% since the beginning of this year and…

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