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The EIA's Short-Term Energy Outlook projects US dry natural gas production rising to a record 90.19 bcfd in 2019, up from a record 83.31 bcfd. Demand is also forecast to reach record highs in 2019.
Higher production largely offsets record demand, which limits upward price pressure. The net effect on prices depends on how the balance between supply and demand develops.
reuters.comJan 15, 2019After 40 past neutral report events, Natural Gas moved a median +1.2% over 5 sessions (60% higher; middle half -3.5% to +2.8%), and +4.5% 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.
