September 23, 2021 – Natural Gas Intelligence
October Natural Gas Futures Find Fresh Footing After EIA Print, Surge Close to $5.00
By: Kevin Dobbs
Absent more supply, prices in the United States, as well as Asia and Europe, could surge beyond the already elevated levels, RBN Energy LLC analyst Lindsay Schneider said.
“European prices have hit new post-2008 or all-time highs more than 25 times since late June, and prices in Asia, which had been at seasonal all-time highs for most of the spring and summer, finally last week also topped [their] previous all-time record from last January,” Schneider said. “A confluence of bullish factors, including high global demand, low storage inventories, weather events, and supply outages, have all contributed to the surge in gas prices.”
Read the full article here: https://www.naturalgasintel.com/october-natural-gas-futures-find-fresh-footing-after-eia-print-surge-close-to-5-00/
