Tortoise Senior Portfolio Manager Rob Thummel in S&P Global

Stagnant natural gas prices, lower spending will limit shale gas stocks in 2024

US shale gas producers entered 2023 looking for a rebound in commodity gas prices in 2024. Now, that price shift appears to be delayed until late in the year or into 2025.

The combination of warmer-than-normal winter weather and new volumes coming to the market ahead of the opening of more LNG terminals on the US Gulf Coast has capped gas prices below $3/MMBtu as the sector heads toward peak winter demand.

Pead more here: