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Natural Gas Gains 10% This Week but Is Still Around Multi-year Lows | Natural Gas News & Analysis [Video]

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Cyprus News

Natural Gas Gains 10% This Week but Is Still Around Multi-year Lows | Natural Gas News & Analysis

In the face of an unyielding increase in natural gas production, American gas producers are now confronting a stark reality of dwindling prices and escalating losses. Despite their endeavors to rein in production, such as shutting down wells and scrapping projects, the market remains inundated with an excess of supply.

Consequently, natural gas prices have plummeted to a 30-year low of $1.59 per thousand cubic feet when adjusted for inflation, dealing a heavy blow to producers’ financial standings. While consumers rejoice at the prospect of more affordable fuel, producers are grappling with formidable obstacles to maintain profitability.

00:00 Intro
00:20 Natural gas news update
06:20 Natural gas chart analysis
08:11 Recap

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