The world as we know it has flipped on its head over the past 30 days.
The US went from full employment to 17 million Americans filing for
unemployment. The White House has discussed how the US might participate
in joint action with OPEC+. Oil producers who were searching for every
way to cut G&A by $0.25 per barrel are now inquiring about the
ability to dispose of oil down disposal wells when crude storage fills.
But what hasn’t received enough attention is the impact of this new
world on natural gas markets. The stage is being set for what could be a historic swing in fortune in natural gas markets over the coming months.
https://btuanalytics.com/natural-gas-historic-reversal-of-fortune-oversupply-to-drastically-short-in-months/
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