Sorry to burst your bubble Natural Gas
Sorry to burst your bubble 
NATGASUSD.
Permian Basin drilling has not only increased Oil Supply, responsible for the lower prices we've seen lately, but also increased Natural Gas Supply.
Supply on Texas has been so much that USA is offering it for free or even paying to get rid of it (source: NGI Bidweek Alert 29th Nov 2018), meanwhile markets still haven't ajusted price because of the perceived cold of winter and speculation.
The major issue is logistics. While many places report a low Natural Gas storage by this time of year, other places have no room to store it. While Trump campaigns for low Oil prices, Permian Basin drillers can't seem to make profit and cover their debt due to infrastructure loans, so basically they are ditching the Natural Gas and focusing on the Oil.
If you live on USA and feel the chilling frostbyte of winter, remember, it's just business (or lack thereof).
If you feel you received useful information, take a moment to give a like, thanks.
NATGASUSD.Permian Basin drilling has not only increased Oil Supply, responsible for the lower prices we've seen lately, but also increased Natural Gas Supply.
Supply on Texas has been so much that USA is offering it for free or even paying to get rid of it (source: NGI Bidweek Alert 29th Nov 2018), meanwhile markets still haven't ajusted price because of the perceived cold of winter and speculation.
The major issue is logistics. While many places report a low Natural Gas storage by this time of year, other places have no room to store it. While Trump campaigns for low Oil prices, Permian Basin drillers can't seem to make profit and cover their debt due to infrastructure loans, so basically they are ditching the Natural Gas and focusing on the Oil.
If you live on USA and feel the chilling frostbyte of winter, remember, it's just business (or lack thereof).
If you feel you received useful information, take a moment to give a like, thanks.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.