Natural gas prices have started to drop in price after military tensions momentarily raised prices in late December. This is mainly attributed to record-breaking levels of domestic natural gas production in the United States. This increased production has enabled utilities to bolster reserves, resulting in inventories standing 10% above the seasonal average. Despite this surplus, potential downside impacts are offset by rising seasonal demand, particularly with anticipated cold weather in January. Additionally, surging exports have supported natural gas prices, as flows to liquefied natural gas (LNG) export facilities reached an unprecedented high in December. Considering broader economic and environmental factors, the weather forecast for Europe, coupled with Storm Henk’s warning, introduces an element of further uncertainty although reserves are believed…