Warmer-than-usual start to the winter in Europe and Asia and forecasts of mild weather in the United States following the Christmas winter storm have eased concerns about natural gas shortages at the start of 2023. Natural gas prices in Europe dropped on the first trading day of the year to their lowest level since February 21, 2022, days before the Russian invasion of Ukraine, which upended energy markets and sent gas prices skyrocketing. Mild winter weather in many parts of Europe, rising wind power generation, and lower electricity consumption…
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