Natural Gas Prices Jumped After Cold European Forecast for January | Natgas News & Analysis

U.S. natural gas prices have gained 15% in the last five days even though weather forecasts have been mixed on both sides of the Atlantic. Warmer weather is expected in the east of the U.S. starting on January 9th (one of the regions that uses natural gas as a heating fuel). But in Europe we are seeing a cold snap which increases demand for natural gas across much of the continent.
As it stands Europe’s reserves are full at 86% with a projection to use up another 35% before the winter season ends, according to the European Council.
Where do you think natural gas prices are headed in January, 2024? Let us know in the comments and if you have any questions about natural gas and want to ask Kyle, you can also write there.
00:00 Intro
00:12 Natural gas news update
04:39 Natural gas price chart analysis
06:03 Recap
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Happy New year

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