It's ironic! Is the reason why the US is once again experiencing “negative gas prices” because oil prices have risen too fast?

① There is so much gas extracted from gas wells in Texas in the US that producers now have to pay customers to “take” the gas from themselves... ② This week, the price of natural gas at the Waha hub in the US Permian Basin fell to a rare -2 US dollars/million baht; ③ And the reason behind this is actually related to the sharp rise in oil prices!

cls.cnApr 12 15:20

Negative price reproduced! US oil companies' pursuit of high oil prices led to a tragedy

The US energy market is in both hot and cold weather.

Golden10 DataApr 12 12:24

Global gas prices have rebounded from low levels, and the contradiction between supply and demand has not been completely reversed

Global natural gas prices rose to varying degrees in 2024, which involved supply-side factors such as declining US exports and discontinuation of Russian projects, as well as complex interactions on the demand side, such as increased procurement in Asia and high European inventories

Golden10 DataApr 12 10:01

Morgan Stanley: Global gas oversupply will reach its highest level in decades!

The price of natural gas in the US has dropped by about 22% so far this year, and European countries will be the biggest beneficiaries of low-priced natural gas.

Golden10 DataApr 2 16:27

Saudi Aramco CEO: The global energy transition is failing, and the idea of phasing out fossil fuels is unrealistic

① Nasser said that the energy transition is failing, and policymakers should abandon the illusion of “phasing out oil and gas” at this stage; ② He pointed out that currently wind energy and solar energy together account for less than 4% of the global energy supply, and the penetration rate of electric vehicles is less than 3%.

cls.cnMar 19 04:00

Unit Corporation GAAP EPS of $5.79, Revenue of $74.63M

Seeking AlphaMar 15 00:26