Record European gas stocks raise pressure for supply cuts

LONDON (Reuters) - European gas inventories are at record levels as weak demand has led to excess gas moving into storage, putting pressure on producers to cut supply.A rise in global liquefied natural gas (LNG) supply due to sluggish demand in Asia, two warm winters and reduced industrial demand due to the coronavirus pandemic, have resulted in unusually high European stocks."Unless we see strong supply cuts there is a risk that storage in northwest Europe is full by the end of July or early of..