Front-month futures settled up 28.9%, or by $1.525, to $6.80 per million British thermal units, the highest closing price and the largest single-day gain since 2022. The winter storm is estimated to have knocked offline 12% of US natural gas production,

Hungary and Slovakia plan to sue the European Union over its REPowerEU plan to phase out imports of Russian oil and gas, officials wrote on Jan. 26.