Natural Gas Market Loosens As Lower 48 Production Tops 98 Bcf/D

In our last week's NGF, we said that peak power burn demand was coming and that with the increase in Lower 48 gas production, US natural gas prices peaked for the near term. We said:

If the European gas situation remains tense, and we have no reason at the moment to doubt otherwise, then it could continue to serve as a tailwind for US gas prices. But on …