European natural gas prices have seen a decline, with benchmark futures dropping by up to 2.7% in early trading on Wednesday. This decrease follows a warning from Goldman Sachs Group Inc. about potential bearish risks that could affect prices, which have recently reached their highest levels this year.
Analysts at Goldman Sachs suggest that prices could almost halve from current levels if the market continues to receive more Russian gas than expected. This reflects growing concerns about supply dynamics in the European gas market as traders consider the implications of increased gas flows.