Europe has dodged an energy crisis thanks to a warm winter, but now faces a new challenge with its stockpiles of natural gas that have become a liability. Many countries in the region had hoarded the fuel at higher prices in anticipation of Russia cutting off supplies due to Western sanctions. However, the recent warmer weather has steadied gas prices, with natural gas futures falling by nearly 28% this year, leaving the region with near-record gas inventories. Although projections show that the carryout will be the second-highest on record, the market is oversupplied with too much gas. The surplus in … Continue reading From Shortage to Glut: Europe’s Over-Supply of Natural Gas