U.S. natural gas futures give back almost half of the previous day’s 16% gain as prices continue to swing on the prospects of severe winter weather.
U.S. natural gas futures give back almost half of the previous day’s 16% gain as prices continue to swing on the prospects of severe winter weather.
US president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of US oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.
European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies.
Energy analysts believe the bullish momentum for European natural gas prices will persist over the coming months after futures jumped almost 40% on Wednesday.