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Daily Archives: June 14, 2019

EIA: Mild Weather And Record US Natural Gas Production Keep Prices Low Despite Low Storage Levels And High Exports

UncategorizedBy Ralph WalkerJune 14, 2019Leave a comment

EIA stated that on June 6th the prompt (Jul19) NYMEX natural gas futures contract closed at a three-year low of $2.324/MMBtu. Record US production and seasonally mild temps have kept prices low even though total US storage still sits at a deficit to the five-year average (-230 Bcf as of June 7th) and exports are…

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