Natural gas prices fall to lowest level since 2016, the lowest February prices in 20 years

Hellenic Shipping News | Feb 15, 2020 at 12:00 AM
  • This winter, natural gas prices have been at their lowest levels in decades.
  • Natural gas production growth has outpaced demand growth, reducing the need to withdraw natural gas from underground storage.
  • IHS Markit estimates that U.S. natural gas consumption by residential, commercial, industrial, and electric power sectors averaged 96 Bcf/d for January, which was about 4.4 Bcf/d less than the average for January 2019, largely because of decreases in residential and commercial consumption as a result of warmer temperatures.