# Exxon and gas markets tell different stories

> 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.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30922-exxon-and-gas-markets-tell-different-stories
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Pipeline congestion and a growing gas surplus in the Permian point to weak regional gas prices, with little direct effect on feed commodities.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/breakingviews/exxon-gas-markets-tell-different-stories-2024-04-26/

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