March 28, 2022 – Natural Gas Intelligence
April Natural Gas Futures Falter as Expiry Approaches; Spot Prices Spike in Northeast
By: Kevin Dobbs
Major producers are under pressure to invest in renewable energy and return capital to shareholders. Inflation, too, is hampering output, said director Tom Biracree, Oil and Gas Financial Analytics.
The “same post-pandemic inflation that is plaguing the broader U.S. economy” is making it expensive and difficult for producers to boost output, said Biracree, in a report for RBN Energy LLC. He pointed to “labor shortages, supply-chain issues and, ironically, soaring energy costs.” He noted that the price of fracture sand “used in completing wells has more than doubled as labor shortages at the mines, an acute shortage of truck drivers and the soaring cost of diesel has crimped operational efficiency.”
Read the full article here: https://www.naturalgasintel.com/april-natural-gas-futures-falter-as-expiry-approaches-spot-prices-spike-in-northeast/
