Europe Gas Follows Oil Lower as Energy Needs Seen Lagging Supply

European natural gas edged lower as prospects for energy demand fail to keep pace with the outlook for supply.

Benchmark futures fell as much as 2.1% on Monday before paring paring some of those losses. Oil — to which some gas contracts are linked — fell on concerns of a global glut after OPEC+ agreed to increase output, adding to supply at a time when demand is challenged by the trade war.