Natural Gas Prices Were on Fire Last Week - This is Why
EOG Resources(EOG) ZACKS·2024-11-25 13:31
Natural gas prices surged last week, marking one of the strongest rallies in a year. A combination of colder weather forecasts, increased liquefied natural gas (“LNG”) exports, and a surprising drawdown in U.S. gas inventories were the main drivers. As the market prepares for a tight supply-demand scenario, upstream operators like EQT Corporation (EQT) , EOG Resources (EOG) and Expand Energy (EXE) gear up for production growth in 2025.What Boosted Natural Gas Price?The onset of winter has amplified heating ...