NYMEX gas futures climb as producer EQT announces production cut
March 5, 2024 Comments Off
NYMEX Henry Hub gas futures jumped March 4 as Appalachian gas producer EQT announced a 1 Bcf/d gross production cut in response to oversupply conditions in the US market. The prompt-month April contract gained as much as 15 cents in the morning to $1.98/MMBtu before settling at $1.91 on the day, intraday data from the CME Group showed. EQT attributed…
NYMEX gas futures climb as producer EQT announces production cut
NYMEX Henry Hub gas futures jumped March 4 as Appalachian gas producer EQT announced a 1 Bcf/d gross production cut in response to oversupply conditions in the US market. The prompt-month April contract gained as much as 15 cents in the morning to $1.98/MMBtu before settling at $1.91 on the day, intraday data from the CME Group showed. EQT attributed…
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