Natural Gas Market Struggles Amid Oversupply, Price Declines
CHKChesapeake Energy(CHK) Zacks Investment Research·2024-03-18 21:40

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased more than expected. The positive inventory numbers notwithstanding, futures settled with another loss week over week — sixth in the last seven — overwhelmed by excessive supply and insipid weather-related demand. In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half- year lows due to worries about record output and concerns about a growing glut. At this t ...