Natural gas prices in the United States fell to a 30-month low last week, dropping to $2 per mmBtu. And, while some producers have curbed drilling, the surplus isn’t going away anytime soon. Gas futures have plummeted by around 50% since the beginning of the year, marking a record decline for a quarter.
The drop was primarily due to milder-than-expected winter weather, which has crushed demand for heating and utility companies to store more gas than usual. Chesapeake Energy and Comstock Resources are among the major gas producers…U.S. Natural Gas Prices Are “Begging For Supply Cuts”
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