Due to the sanctions imposed on Russia for invading Ukraine, natural gas prices are surging. The United States has banned Russian oil, gas, and coal imports and the European Union says they plan to reduce Russian gas imports by 66% by the end of 2022.
So, it’s not surprising that natural gas has rallied more than 50% since mid-February. With no end to the war in sight, natural gas prices could continue to rally for the foreseeable future.
