A No-Show Winter Is Upending the US Gas Market
Mild weather has curbed demand for heating fuel, pulling down prices by about 35% in a year.
The sun sets over Austin, Texas.
Photographer: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Americas Energy Deputy Team Leader Elizabeth Elkin examines the collapse of the natural gas market. To get this newsletter sent straight to your inbox, sign up here.
In just one year, the US gas market has gone from a meteoric rise to a dizzying decline. You can thank Mother Nature for that.