Like a Black Friday Sale: U.S. Winter Power Prices Fall as Natural Gas Inventories Hit Eight-Year High
Rextag
DECEMBER 3, 2024
is entering the cold season with the largest natural gas storage inventories since 2016, putting downward pressure on power forward prices across much of the country. Key Numbers to Watch Natural Gas Storage: 3,922 Bcf (6% above five-year average). Winter Gas Withdrawals Forecast: 1,957 Bcf.
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