Federal Reserve Bank of Dallas: Lower U.S. Crude Oil Production Decreases Output, Raises Price of Natural Gas
December 24, 2020
December 24, 2020
DALLAS, Texas, Dec. 24 -- The Federal Reserve Bank of Dallas issued the following article from its Southwest Economy publication by Jesse Thompson, senior business economist in the Houston Branch, and Camila Holm, research analyst in the Research Department:
Natural gas futures plummeted to a historic low in June 2020 only to rebound by late October, with prices more than doubling to $3 per million British thermal units (MMBtu). The main reason for the rebound: a decline in natural . . .
Natural gas futures plummeted to a historic low in June 2020 only to rebound by late October, with prices more than doubling to $3 per million British thermal units (MMBtu). The main reason for the rebound: a decline in natural . . .