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2 hrs ago UBS energy analyst Nayoung Kim has flagged that vulnerability directly. Storage ended the week around 71.5% full, far below the roughly 88% 15-year average for this point in the calendar, and that gap matters because winter gas markets are not priced off the absolute number sitting underground; they are priced off how much room traders think the system has to absorb the next surprise. Continued:https://thedarksideoftheboom.substack.com/p/europes-gas-clock-is-ticking-and
