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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 ...
The natural gas futures market slumped further following the bigger-than-expected rise in U.S. supplies, with the commodity posting a 9.7% weekly loss.
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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 ...
Piped natural gas prices have been rising steadily throughout the U.S. since 2020 but California has experienced exceptionally higher prices because of bad weather, a pipe explosion on the El Paso Natural Gas pipeline, unscheduled maintenance, and the Aliso Canyon gas leak at the storage facility in the past, so it stores less now. [22]
Natural gas prices in the Permian Basin, West Texas, went below zero more than once in 2019. Natural gas is produced there as a byproduct of oil production, but production has increased faster than the construction of pipelines to transport natural gas. Oil production in the Permian Basin is profitable, so the natural gas continues to be ...
Natural gas as it comes out of the ground is most often predominantly methane, but may have a wide range of energy values, from much lower (due to dilution by non-hydrocarbon gases) to much higher (due to the presence of ethane, propane, and heavier compounds) than standard pipeline-quality gas. [9]
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.