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Mmastodon EnvironmentEnergy first seen 14 h ago, last 13 h ago, peak #2

Natural Gas Slides as EIA Reports Record-High Production

Original: Natural Gas Moves Lower as EIA Reports Record-High Production https://www.wsj.com/finance/commodities-futures/natural-ga

Natural gas prices moved lower after the US Energy Information Administration reported that domestic natural gas production has reached a record high. The supply glut is weighing on the market, with traders reacting to data showing output continuing to climb despite softer demand conditions.

Why now: Traders and energy market watchers are reacting to fresh EIA data showing record US production pressuring prices.

US Energy Information Administrationnatural gasWall Street Journal

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