The World Faces A Natural Gas Glut Not Seen in Decades

Two warmer winters in a row have lifted natural gas inventories in the United States and Europe and have eased concerns about supply, which were sparked by the Russian invasion of Ukraine and the cutoff of most of Russia’s pipeline gas supply to the EU.    U.S. inventories of natural gas in the week to March 22 were 41% more than the five-year average and 23% higher than last year at this time, per the latest EIA data.  Europe, for its part, just exited the winter heating season with its highest level of…