"Rising U.S. natural gas output drives prices to new lows."
Despite US natural gas prices hitting a 30-month low, gas output continues to rise due to the increase in gas that comes up with oil in the biggest shale fields, such as the Permian basin. While some gas producers are reducing drilling, oil producers are not cutting back. The surplus of gas in US storage is about 21% higher than usual for this time of year, and the projected US gas usage will ease this year despite an expected 14% increase in US liquefied natural gas exports.
