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US natural gas prices are heading toward a 25-year low as output keeps rising, largely as a byproduct of the shale oil boom. Production is outpacing domestic consumption, and government data show output up about 10% year over year.
The glut is weighing on the outlook for large producers.
Excess supply keeps gas prices depressed, which lowers costs for power and industrial users but hurts producer margins. Persistent oversupply makes a sustained price rebound less likely.
reuters.comJennifer HillerOct 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
