BRIEF-BofA Revises Down 2026 European Natural Gas Forecasts to 55 euros/MWh

May 13 (Reuters) - BANK OF AMERICA CORP BAC.N:

  • SAYS WITH EUROPEAN NATURAL GAS STOCKS AT VERY LOW LEVELS BUT MORE FLEXIBLE EU GOVERNMENT FILL MANDATE, EU TTF PRICES HAVE UNDERPERFORMED OIL

  • ADJUSTS EU TTF NATURAL GAS FORECASTS DOWN TO 55 EUROS PER MWH FOR 2026 AND 35 EUROS PER MWH FOR 2027

  • SAYS REDUCED LNG SUPPLIES FROM QATAR HAVE NOT LED TO MAJOR RALLY IN EUROPEAN NATURAL GAS PRICES FEARED TWO MONTHS AGO


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