Related Articles
Forward article link
Share PDF with colleagues

US gas goes from glut to crunch

After years of bloated stocks and low prices US gas supply is about to get much tighter

FOLLOWING years of a glut the US is now heading towards a gas supply crunch because of a lack of new investment in shale projects. A combination of increasing consumption and depleting stocks will tighten supply and push gas prices higher as the US enters a cold, harsh winter, according to commodities brokerage firm finnCap. "Due to reduced investment in shale over the past two years, production is now forecast to decline, resulting in higher (gas) prices," finnCap said in a report at the beginning of August. "A mild winter and a hot summer has resulted in a rapidly depleting inventory, and should the US have a cold winter there is scope for a supply crunch." The country’s Clean Power Pla

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