# U.S. natgas producers seek to balance production cuts, demand rebound

> U.S. natural gas futures ended 2023 with their biggest percentage decline since 2006, driven by record production, ample inventories and a mild winter. EQT's finance head said the market could overshoot in both directions in 2024 as drilling activity pulled back.

- Date: 2024-01-04 · published 2024-01-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32295-u-s-natgas-producers-seek-to-balance-production-cuts-demand-rebound
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Persistent oversupply keeps domestic gas cheap, supporting lower energy and fertilizer costs for feed producers, though a drilling pullback could tighten supply later.

## Read by commodity

- NATGAS: neutral

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-natgas-producers-seek-balance-production-cuts-demand-rebound-2024-01-04/

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