According to Jinshi, natural gas prices in the United States and Europe rebounded this week. The growth of natural gas storage in the United States was lower than expected, and Hurricane Francine exacerbated concerns about the ability of the Gulf Coast to export liquefied natural gas.
In Europe, concerns about Russian gas supplies through Ukraine and delayed maintenance at Norway's Korsnes processing facility have helped drive the price rebound. Future Federal Reserve rate cuts and a weaker dollar will make U.S. gas cheaper for foreign buyers, increasing export demand and further pushing up prices.
