Fear of global natural gas crisis eased by warm start to winter

Gas futures are plummeting on reduced fuel consumption and the weaker outlook. European gas fell Tuesday, a day after briefly touching the lowest level since the war in Ukraine started

A warmer-than-expected start to winter across large parts of the world is rapidly easing fears of a natural gas crisis that had been predicted to trigger outages and add to pressure on power bills. Forecasts point to temperatures above seasonal norms for most of Europe in the next two weeks, while the US expects better weather through mid-January. It’ll be more comfortable too across much of China — the world’s biggest gas importer — over the next 10 days, and Tokyo may see a spike around mid-January.
 

Gas futures are plummeting on reduced fuel consumption and the weaker outlook. European