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The EIA projects U.S. dry gas production rising to 96.04 bcfd in 2022 and 97.55 bcfd in 2023, from a 2021 record of 93.51 bcfd. It also projects consumption slipping slightly from 82.96 bcfd in 2021 to 82.77 bcfd in 2022.
Rising output and flat-to-lower demand point to looser U.S. gas balances, which weighs on natural gas prices and supports lower energy-linked input costs.
reuters.comJan 11, 2022After 62 past bearish report events, NATGAS moved a median -3.0% over 5 sessions (42% higher; middle half -7.6% to +4.6%), and -0.5% 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.
