US natural gas traders turned bearish after winter forecasts flipped from colder to warmer over the weekend. Not helping matters is oversupply, now a glut, with more Utica gas coming to market while the Marcellus keeps growing: the Beast in the East. After 149 years mining coal, Pittsburgh’s Consol Energy sells some mines and moves its chips to natural gas. Platts editors Stephanie Ritenbaugh, Bobby McMahon, Jessica Marron, and Bill Holland discuss.
You might also be interested in a related podcast in which US petrochemicals editors delve into the outlook for the US methanol market, namely the factors driving up spot prices and the impact of the shale gas revolution.
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