Positive move for Permian

摘要

US Permian natural gas prices climbed into positive territory earlier this week after about two weeks of trading at below $0, writes Caroline Evans. Prices at the Waha hub in Texas rose by $1.71 on Monday to trade at 42 cents per million British thermal units, according to S&P Global Platts. May prices were trading at -$2.79 on 9 April, according to CME Group data. Prices plunged last month when Kinder Morgan's El Paso Natural Gas pipeline system experienced an equipment failure and the pipeline operator declared force majeure for its Lordsburg and Florida compressor stations west of El Paso, Texas.