Factors Contributing to the Decline of U.S. Natural Gas Price
Thursday, 11 July 2024, 21:45
Factors Behind the Price Decline
The decline in U.S. natural gas prices was primarily driven by two key factors:
- Increased storage levels: The market saw a notable build-up in gas storage, signaling surplus supply.
- Reduced Beryl demand: The impact of Beryl on demand resulted in decreased consumption of natural gas.
Market Outlook
The current scenario paints a bearish picture for natural gas prices, with oversupply and weakened demand posing challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.