Natural Gas Prices Are on Fire, but Producers Are Holding Back - News Summed Up

Natural Gas Prices Are on Fire, but Producers Are Holding Back


Natural gas prices have shot up nearly 60% since late June, and speculators are betting they will keep climbing. Earlier this year the coronavirus shutdown prompted overseas buyers to cancel shipments of liquefied natural gas, or LNG. Investors also have been betting on shares of natural gas producers, particularly those operating in Appalachia, such as EQT and CNX. Gas producers themselves, stung by years of selling gas at ever lower prices, are also circumspect. SHARE YOUR THOUGHTS What have you noticed about natural gas prices in your area this year?


Source: Wall Street Journal August 21, 2020 09:22 UTC



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