U.S. Natural Gas Prices Are “Begging For Supply Cuts” ...Middle East

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U.S. Natural Gas Prices Are “Begging For Supply Cuts”
Natural gas prices in the United States fell to a 30-month low last week, dropping to $2 per mmBtu. And, while some producers have curbed drilling, the surplus isn’t going away anytime soon.  Gas futures have plummeted by around 50% since the beginning of the year, marking a record decline for a quarter. The drop was primarily due to milder-than-expected winter weather, which has crushed demand for heating and utility companies to store more gas than usual.  Chesapeake Energy and Comstock Resources are among the major gas producers…

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