American Oil Producers Keep Output Elevated; IEA, OPEC Ramp Up Demand Forecasts
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Weekly natural gas cash prices lost ground for the third time in May, hampered by strong supply levels and weak demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 22-26 period fell 14.0 cents to $1.910. Conditions during the covered period were fundamentally unfavorable for bulls: Production held…May 26, 2023
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