Europe's Gas Storage Plummets at Fastest Pace in 8 Years

Europe’s gas inventories have depleted at the fastest rate for eight years, as the region has experienced repeated bouts of colder-than-normal temperatures and low wind speeds since the start of the winter heating season. Combined inventories in underground storage across the European Union and the United Kingdom dropped by 83 terawatt-hours (TWh) between the official start of winter on October 1 and November 26. Stocks have fallen more than four times faster than the average over the last ten years, and by the most for any year since 2016,…