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Permian Basin associated gas output is rising with oil production, and flaring curbs are pushing more gas to market. Pipelines are overwhelmed and local prices briefly turned negative in April.
Pipeline congestion and a growing gas surplus in the Permian point to weak regional gas prices, with little direct effect on feed commodities.
reuters.comRobert CyranApr 26, 2024Not 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.
