Surprise Natural Gas Drawdown Signals Higher Prices Ahead
Green Car Congress
AUGUST 9, 2016
The reduction of 6 billion cubic feet (Bcf) was the first summertime drawdown since 2006. Natural gas spot prices shot up following the data release on August 4, although they fell back again shortly after. Nine of the ten highest power burn days on record took place last month, with the other one occurring in July 2015.
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