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U.S. natural gas prices have roughly doubled since a June low of about $1.50 per mmBtu, the lowest in 25 years. The rebound reflects a shift from pandemic-era oversupply to rising LNG export demand.
Analysts expected winter prices to hold well above current levels.
The recovery in gas prices shows LNG export demand has reversed the earlier glut, raising the cost of gas-based energy and inputs for feed producers.
texasstandard.orgAlexandra Hart, Caroline CovingtonOct 12, 2020Not 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.
