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U.S. natural gas producers lost more than $7 billion in market value as a January rally faded on mild winter forecasts. Investors feared a glut as Permian associated gas and Appalachian output are expected to grow faster than Gulf Coast and Mexican export demand.
Expected supply growth outpacing export demand points to lower natural gas prices later in the year. Cheaper gas supports lower energy costs for feed processing.
worldoil.comRyan CollinsFeb 6, 2018Not 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.
It describes the fading of the January rally on mild forecasts and fears of a supply glut from Permian and Appalachian growth, which reinforced bearish sentiment, but it was published just after the window ended.
