Low U.S. Natural Gas Prices Weigh on Oil Producers’ Cash Flows ...Middle East

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Low U.S. Natural Gas Prices Weigh on Oil Producers’ Cash Flows
source : OILPRICE ( Middle East ) () 108
The slump in U.S. natural gas prices in early 2024 hit the cash flow generation of dozens of listed, mostly oil-producing companies. The financial reports of 36 publicly traded oil companies that produce most of their crude oil in the United States showed that combined cash from operations dropped to $23.3 billion in the first quarter of 2024, down by 12% compared to the first quarter of last year, the U.S. Energy Information Administration (EIA) said in an analysis this week.    The benchmark U.S. crude prices, West Texas Intermediate…

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