Natural Gas Gains 10% This Week but Is Still Around Multi-year Lows | Natural Gas News & Analysis

In the face of an unyielding increase in natural gas production, American gas producers are now confronting a stark reality of dwindling prices and escalating losses. Despite their endeavors to rein in production, such as shutting down wells and scrapping projects, the market remains inundated with an excess of supply.
Consequently, natural gas prices have plummeted to a 30-year low of $1.59 per thousand cubic feet when adjusted for inflation, dealing a heavy blow to producers' financial standings. While consumers rejoice at the prospect of more affordable fuel, producers are grappling with formidable obstacles to maintain profitability.
00:00 Intro
00:20 Natural gas news update
06:20 Natural gas chart analysis
08:11 Recap
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[@edgarmapesabusiness3490]

This is very good information,started trading natural gas recently and I am still gathering information.

[@ahmedalsharman]

I think it will reach $1.2 - $1.5 by year end .

[@barryreinecke5918]

Also its cost them $2.5 to produce Natgas this cant carry on they will cose down all rigs

[@leejiajing965]

Should be at the bottom already, but not surprise if we can more low price coming days or month

[@SmithnWesson]

The US has temporarily paused new permits, pending an environmental review.
Existing (previously approved) permits are unaffected.

[@moo-mooha]

👍

[@user-ef6js3gb7u]

for 1 years natgaz 2.90

[@tsymeon]

Can it go lower next week? Update please

[@nalyakram7173]

John Arnold

[@barryreinecke5918]

Hi The Biden review is only on New leases only

[@YvesTrading]

Bullish