# US natural gas producers eye more output cuts as prices sink | Reuters

> Major US natural gas producers are preparing to cut production further in the second half of 2024 after prices fell nearly 40% over two months. Henry Hub futures dropped to about $2/mmBtu, and Waha prices turned negative a record number of times in 2024. Cooler weather reduced demand while supply expanded after the spring rally.

- Date: 2024-08-07 · published 2024-08-07T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/28991-us-natural-gas-producers-eye-more-output-cuts-as-prices-sink-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected output cuts could tighten supply and support gas prices later in 2024. Higher gas prices would raise fertilizer and energy costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-natural-gas-producers-eye-more-output-cuts-prices-sink-2024-08-07/

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