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. Natural gas consumption patterns are much more seasonal than for oil. But that doesn’t look like it will come to pass.
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