# U.S. natgas glut dims outlook for big producers as prices head to 25-year low

> 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.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/12167-u-s-natgas-glut-dims-outlook-for-big-producers-as-prices-head-to-25-year-low
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-naturalgas-chesapeake-energy/u-s-natgas-glut-dims-outlook-for-big-producers-as-prices-head-to-25-year-low-idUSKBN1X92AN/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.