Surprise Natural Gas Drawdown Signals Higher Prices Ahead
Green Car Congress
AUGUST 9, 2016
Natural gas spot prices shot up following the data release on August 4, although they fell back again shortly after. Natural gas consumption patterns are much more seasonal than for oil. Bcf/d higher than the previous high reached in July 2012. Natural gas prices have traded below $3 per million Btu since the beginning of 2015.
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