Commodities
Natural Gas Slump Will Slow US Supply Growth, Fracker EQT Says
- ‘You are going to see an operator response,’ says CEO Rice
- Gas futures are over-sold, but will remain volatile, he says
A hydraulic fracturing site owned by EQT Corp. located atop the Marcellus shale rock formation in Washington Township, Pennsylvania.
Photographer: Ty Wright/BloombergThis article is for subscribers only.
A plunge in natural gas prices will slow supply growth in the US this year, according to the country’s biggest producer of the fuel.
Gas futures have dropped in the US and Europe in recent weeks, largely because of abnormally warm winter weather. US production has also continued to increase.