Dramatic Drop in Natural Gas Seen by Shell on Persistent El Nino

  • Shell analyst: stored U.S. supply to top 4 trillion cubic feet
  • Shale oil drilling exacerbating North American gas oversupply

U.S. natural gas prices that tumbled 45 percent in the past year are poised to extend those losses if the El Nino weather pattern persists much longer and forestalls frigid weather that normally drives late-year demand, said Royal Dutch Shell Plc’s energy analyst Laird Dyer.

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