Related Articles
Forward article link
Share PDF with colleagues

Gas rallies

Prices are on a bull run and demand looks robust

After spending much of the early part of the year struggling to crack $2, US natural gas prices have mounted a comeback. Heading into October, Henry Hub prices had doubled from their early March lows and broken through $3 per 1,000 cubic feet for the first time in more than 18 months. It has come as much-needed relief for ailing natural gas producers. The multi-year run up in natural gas production was finally broken after a sustained period of sub-$2 prices. The number of rigs drilling for gas in the US was down to just 92 in late September, less than half from a year earlier and not nearly enough to keep output growing. Total production in late September was 79.7bn cubic feet per day, dow

Also in this section
Opec and IEA bristle at Trump’s trade posturing
16 March 2018
The IEA and Opec say Trump’s trade plans are a threat to global growth
Five key takeaways from the big three oil market reports
15 March 2018
Demand and supply data still diverge, Venezuela’s increasingly critical to balances, and some macro alarm bells are starting to ring
China bets on a yuan-oil bonanza
13 March 2018
The country's long-delayed crude oil futures contract promises much, but doubts persist