2024-07-10 16:28:14 ET
Summary
- Natural gas prices have fluctuated, reaching mid-to-high $2s due to summer heat demand before dropping under $2.5.
- Our predicted recovery pattern for natural gas prices includes a gradual increase into mid $2 region through 2024 and potentially reaching a $3+ range thereafter.
- Major gas producers are cutting capital expenditures and deferring new well production in anticipation of future demand and potential price recovery.
- With rising prices, some producers have returned a smaller portion of its former production.
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For further details see:
Evaluating Predicted Stair Stepped Natural Gas Spot Prices And More