AR250103P34000
- 0.07
- +0.03+75.00%
Antero Resources Newsroom
Adding insult to injury? As Europe rejects Russian gas, prices for Henry Hub Natural Gas in the USA soar.
As Europe has shifted from complete reliance on cheap Russian Henry Hub Natural Gas to total dependence on expensive USA LNG, the news about the 'polar vortex' is undoubtedly a huge blow for Europe. The price of natural gas in the USA has risen by 4% in the past week, and prior analyses warned that Europe will face higher and more sustained gas prices in the future.
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Europe Set for Colder January With Less Wind, More Gas Use
Top Gap Ups and Downs on Monday: AR, DJT, MSTR and More
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It is expected that the East Coast of the USA will be colder than usual in January, and USA Henry Hub Natural Gas prices surged by 20% at one point.
Henry Hub Natural Gas Futures prices surged on Monday, reaching a new high for the past 52 weeks, following reports that temperatures in the USA will be colder than usual in January. In February, Natural Gas Futures rose by about 15% during the Trade, after the latest outlook released on Sunday by the Weather Co. and Atmospheric G2 indicated that temperatures in the eastern region are expected to be below average next month, particularly from Florida to Maine and certain areas of the Great Lakes. However, the report stated that temperatures in the western region are also expected to be below average.