Shale gale continues, sending US gas price down
Monday, 03 April 2017
Reversing last year’s slight drop, the production of US dry natural gas is seen average 73.7 billion cubic feet per day (Bcf/d) in 2017, a rise of 1.4 Bcf/d year-on-year (yoy), the Energy Information Administration (EIA) forecasts. The average Henry Hub spot price fell by $0.45/mmBtu during February to a level as low as $2.85/mmBtu.
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