End of Gas Shortage in US?

End of Gas Shortage in US?

End of Gas Shortage in US?

We hear a lot of Global Energy Crisis News recently and these news fuel the energy prices upwards. But things may be better than we thought. In US Natural Gas production is almost at the same level with pre-pandemic levels. And there is even better news the rig count is still less than 2019 Levels. That means the productivity of those rigs in production are improving and the Shale Oil & Gas Drillers are not in bankruptcy anymore. And in the market there is always a cycle, the prices go up and down.

The price of Natural Gas in US has reached to 6,50 USD and that was all the time high. Then step by step the prices has eased with more positive news. The people working in these gas fields are returning back to work and the rig count is rising fast so we may see more decline in the market. And with SELL Positions on future declines you can take a lot of profit. 1 USD decline in our platform makes 10.000 USD with one lot.

 

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25 November 2021 10:29

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