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Ecom-Energy’s December 2018 Natural Gas Market Update
A perfect storm of 15-year low inventories and cold temperatures have created price rallies that hit four-year highs – all while production records continue to be hit.
A perfect storm of 15-year low inventories and cold temperatures have created price rallies that hit four-year highs – all while production records continue to be hit.
Despite low storage levels, the EIA expects strong growth in U.S. natural gas production to put downward pressure on prices in 2019. Meanwhile, a warm winter forecast through the New Year is keeping price hikes at bay in the short term.