Natural gas prices fell across the globe as the week got underway, tempered by another round of talks between Russia and Ukraine, along with milder weather in key markets. 

In Europe, the Title Transfer Facility (TTF) continued to fall Monday, coming off a record high early last week of $72.765/MMBtu. Negotiations to end the conflict in Ukraine blunted some of the risk premium that’s been baked into prices over the last two weeks even as Russia stepped up attacks in Western Ukraine. 

While sanctions have so far excluded Russian natural gas exports and volumes flowing from the country to Europe remain high, fear of supply disruptions is likely to keep the market volatile. Monday’s talks yielded no progress and were expected to continue Tuesday. A Kremlin spokesman also...