European natural gas prices extended last week’s slump on signs that talks to stop the war in Ukraine may advance, easing tensions over potential Russian supply curbs. Any progress in negotiations toward a possible ceasefire would give the gas market a breather after record prices and high volatility in the past few weeks. The war has roiled commodity markets from gas to grains, with the sanctions aimed at isolating Moscow putting traders on edge. Dutch front-month gas, the European benchmark, fell as much as 16% in early Monday trade. Flows into the region from top supplier Russia were at normal levels both via Ukraine and on other routes. Demand may also ease because of milder weather arriving. “Volatility will definitely remain very high this week, where we see a bearish opening Monday as the market hopes flows from Russia will continue,” Energi Danmark said in a note on its […]