- Natural gas prices in the US (NG1:COM) and Europe diverge again, with Henry Hub prices down nearly 10% this morning as warmer weather is forecast to sweep across the Midwest and Northeast, hitting domestic producers Antero (NYSE:AR), EQT (NYSE:EQT), and Coterra (NYSE:CTRA).
- In Europe, gas and power prices continue to scratch at record levels, with the Continent's natural gas inventories ~23% below the same period last year and at their lowest levels, seasonally, since 2013, buoying international gas names like Shell (NYSE:RDS.A), Equinor (NYSE:EQNR) and Total (NYSE:TTE).
- And with winter weather pushing through Europe, -40c temps in Sweden have the environmental leader firing up oil-fueled power plants to meet regional power demand.
- Reported previously, unexpected outages at Gorgon and Prelude LNG plants continue to buoy an already elevated global natural gas market.
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