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Natural gas prices are down nearly 40% year to date amid a glut in supply and a milder-than-expected winter. But analysts see an upside for the commodity going into the end of the year — in part ...
A natural gas glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year.At West Texas's key trading spot, the Waha Hub, prices have been negative ...
That's what has been happening more and more frequently in West Texas, where the closing price of natural gas has been negative for 57 trading days this year through the end of July, the New York ...
Wholesale natural gas prices nationwide fell since October, but rose by 63% in California, according to Bloomberg. Southern California residents in particular saw stunning bill hikes.
Natural gas prices in Europe reached their highest point in September 2022 at a multiple of roughly 25 compared to two years prior. While gas prices are currently falling quickly on the spot market, the cost to distribute gas in the coming year will still be close to €150 per MWh, or a multiple of about seven. [93] [95] [96]
Natural gas prices rebounded on Monday, but remain range-bound after falling hard in February. Demand continues to fall and supply remain flat. Hedge funds exited long position in futures and ...
The price of benchmark U.S. crude oil, called West Texas Intermediate, has tumbled to about $70 a barrel from $120 in June 2022, shortly after Russia’s invasion of Ukraine.
The main reasons behind the fall decline is the switch to a less expensive winter blend driving fuel and lower seasonal demand. "Gas prices will likely keep dropping until the end of the year ...