Take Your Trading To The Next Level. Get Started Here!

Falling US gas futures prices, weaker IRRs add to headwinds on 2023 output

January 5, 2023 Comments Off

As US natural gas producers begin firming up drilling and production plans for 2023, the recent selloff in benchmark Henry Hub futures prices could dampen already modest ambitions for growth this year. Since mid-December, the prompt-month contract has shed nearly half of its value, settling at just $3.99/MMBtu Jan. 3 from nearly $7/MMBtu Dec. 15, S&P Global Commodity Insights data…