Oil Price Boom Keeps Lid On Natural Gas Prices

In the previous post – Fear Will Drive Oil Prices In 2018 – I discussed the outlook for oil prices next year. In a nutshell, the price of oil will be influenced by crude oil inventories, which are going to be driven by the balance between OPEC’s actions and U.S. shale oil production. Inventories also influence natural gas prices, but the drivers are different. On the natural gas demand-side, growth remains robust. Pipeline exports to Mexico are surging, exports of liquefied natural gas (LNG) have…
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