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The EIA projects U.S. dry gas production will rise to 97.41 bcfd in 2022 from a record 93.57 bcfd in 2021. Domestic gas consumption is also expected to grow to 84.11 bcfd.
Rising production roughly matches rising demand, which limits upside for domestic gas prices and therefore moderates fertilizer cost pressure.
reuters.comApr 12, 2022After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% over 20.
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.
