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EQT Corp., the largest US gas producer, said it will curtail about 30 to 40 billion cubic feet of net production through March in response to low prices. The cut is about 5% to 7% of its quarterly output, and US gas prices surged on the news.
A cut by the largest producer tightens domestic supply after a warm-winter glut, which lifts the energy costs that feed mills and grain driers face.
bloomberg.comRachel Morison, Anna Shiryaevskaya, Elizabeth ElkinMar 4, 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.
