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The Economic Times

Business / The Economic Times

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'Violent' price spike rocks gas traders' bad winter bets

US and European gas traders wrongly predicted a mild winter. Now, a severe cold snap in America has sent natural gas prices soaring. This surge impacts global markets, with Asian buyers potentially priced out. Tankers are rerouting to Europe. Traders are in panic mode as pipelines face freezing risks, threatening supply amid high demand.

26 Jan 2026 7:51 am