The U.S. natural gas benchmark is set for several months of below $3 MMBtu price analysts and EIA forecasters say. The agency cited declining demand for heating in the spring along with rising American dry natural gas production. Following the Texas Freeze in the middle of February when demand spiked and production collapsed—leading to the second-largest withdrawal of natural gas from storage in the U.
S. in history—demand for natural gas has been declining and production has been growing. The return of the production shut-in…Why Natural Gas Prices Are Unlikely To Break Out In The Short Term
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