This year has been another challenging one for America's natural gas producers. They've discovered so much low-cost gas that they've unleashed a torrent of new production in recent years, which has pushed down prices. While those lower prices have spurred new demand, output in the country continues to outpace consumption.
That means prices could be under even more pressure in 2020, according to a new forecast by IHS Markit. If that outlook comes to fruition, natural gas stocks, which have already tumbled in 2019, could have even further to fall in the next year.
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