Gas Prices Hit Seven- Year Low, But Bounce Seen

摘要

Amid a continuing market glut, spot U.S. natural gas prices at the Henry Hub reached a new seven-year low of $2.69 per million British thermal units last week, but many analysts are predicting that mounting production shut-ins, a resurgent economy and growing use of gas for power generation will lead to a bounce next year.rnThose two factors are expected to play a major role in reversing current supply-demand fundamentals for gas, which has seen demand crater this year due to depressed industrial production while supply has surged from new shale fields.