GAZB - U.S. Natural Gas Outlook: Cloudy With A Chance Of Insolvency

There is plenty of natural gas in the U.S. and prices for the fuel continue at historic lows with supply continuing to outstrip both domestic and international LNG demand. While that is good news for natural gas customers, it's not such good news for natural gas producers. The February/March fall in oil prices looked like it might offer some relief in the form of a reduction in associated natural gas from shale production. That may happen, but even in the absence of COVID19 global natural gas consumption was falling in the first months of 2020.