The Chart That Should Terrify Brussels: EU NatGas Reserves Could Crater By Winter's End

The Chart That Should Terrify Brussels: EU NatGas Reserves Could Crater By Winter's End Diplomatic signals between the US and Iran ahead of the US midterms sent Brent crude and European natural gas futures tumbling on Monday, but the relief rally has done little to resolve Europe's energy crisis ahead of the Northern Hemisphere winter.Alarmingly low NatGas storage levels at the start of the withdrawal season leave the energy-stricken continent with a very thin supply buffer, increasing its dependence on global LNG markets and its exposure to cold blasts, supply disruptions and price spikes.Germany's 15-year average for this time of year stands at around 91%.At this point, Brussels and its climate cult had better hope that,...

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