The warmest autumn in the northern hemisphere in nearly a century and a half has pushed natural gas prices in the U.S., Europe, and Asia lower at the start of the winter. Prices are also weighed down by record-high U.S. production, record-high inventories, and weak industrial demand in Europe, as well as tepid consumption and fuller storage sites in Asia.
Temperatures in Europe and North America were near-record levels in October, and the warmer-than-usual weather continued in North America in November, according to…Record-High U.S. Production Weighs on Natural Gas Prices
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