With Production Not Backing Down, Natural Gas Forward Prices Soften Absent Summer Heat
This post was originally published on this siteStubbornly high production maintained its grip on natural gas forward curves during the May 18-24 period, with June prices averaging 20.0 cents lower, according to NGI’s Forward Look. With weather-driven demand at seasonal lows and storage inventories remaining at a surplus to historical norms, forward contracts dropped 16.0 …
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