# US Gas Prices Jump After EQT Curbs Output to Fight Supply Glut - Bloomberg

> 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.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/31398-us-gas-prices-jump-after-eqt-curbs-output-to-fight-supply-glut-bloomberg
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-03-04/us-natural-gas-producer-eqt-cuts-flows-in-response-to-low-prices

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