Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Natural gas prices in West Texas fall below zero for the first time in four months

Natural gas prices in West Texas fall below zero for the first time in four months

金十金十2026/06/15 21:20
Show original
Golden Ten Data reported on June 16 that on Monday local time, the spot delivery price of the key indicator for natural gas prices in the shale basin—the Texas Waha Hub—was $0.35 per million British thermal units, turning positive for the first time since February and ending a previous record of 131 consecutive days with prices below zero. Rising temperatures, increased capacity following the completion of some pipeline maintenance, and recent signs of expansion on key pipelines have jointly driven this price increase. This positive news is a favorable signal for producers such as Permian Resources and Devon Energy, which had previously shut down some wells with extremely high gas-to-oil ratios to avoid further capital consumption.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Rising fuel costs drive up brewing costs in Asia, Heineken (HEINY.US) says it is passing 70%-80% of the cost pressure on to consumers.

Jacco van der Linden, President for Asia Pacific at HEINEKEN (HEINY.US), stated that rising fuel costs triggered by the conflict in Iran are increasing the company's brewing input costs in Asia.

智通财经•2026/09/28 07:11

Starlink, lunar landing, and space computing power all rely on it! SpaceX (SPCX.US) Starship's 14th launch targets its first orbital flight and deployment of next-generation satellites

SpaceX plans to launch its giant Starship rocket early Monday local time, aiming to send the spacecraft into orbit for the first time.

智通财经•2026/09/28 07:06

BCG warns that financial pressure on European companies is intensifying! The room to absorb shocks is narrowing, and the pressure to transform is increasing simultaneously.

According to Boston Consulting Group (BCG), as leverage increases, making companies more vulnerable to shocks, one out of every six companies in Western Europe is currently facing financial pressure.

智通财经•2026/09/28 06:46