# Promised land for gas drillers turns into glutted beach

> 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.

- Date: 2018-02-06 · published 2018-02-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7449-promised-land-for-gas-drillers-turns-into-glutted-beach
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2018-02-05 | 5 | -22.6% | -4.3 | 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. |

## Sources

- worldoil.com: https://www.worldoil.com/news/2018/2/6/promised-land-for-gas-drillers-turns-into-glutted-beach/

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