# Big Oil's big bet on natural gas has been a big headache - The Business Times

> Supermajor oil producers including Exxon, Shell, Chevron, Total and BP saw sharp drops in gas realizations in the second quarter of 2019. Henry Hub prices reached their lowest seasonal levels in two decades as Appalachian and West Texas output hit records. Spot LNG prices in Europe and Asia also fell as new export terminals added supply.

- Date: 2019-08-04 · published 2019-08-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7907-big-oil-s-big-bet-on-natural-gas-has-been-a-big-headache-the-business-times
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Persistent gas oversupply in the US and LNG markets keeps energy costs low for feed and fertilizer producers. Weak gas prices reduce the incentive for producers to curb output.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/big-oils-big-bet-natural-gas-has-been-big-headache

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