Natural Gas Prices Continue to Decline Despite Rising U.S. Output
TL;DR Summary
US natural gas prices have fallen to a 30-month low, but output continues to rise due to the high amount of gas produced from oil wells, which is unlikely to decline given current oil prices. While some gas producers have cut drilling, gas that comes up with oil will continue to rise in the biggest shale fields. Despite low gas prices, US drillers have 160 rigs seeking gas, up 16% from a year ago. The surplus of gas in US storage will set up inventories to reach record highs before next winter's heating season.
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