United States Natural Gas futures fell 12% to $2.52 per mmBtu as a domestic glut contrasts with soaring global energy prices. Since Iran began hostilities on February 28, European prices rose 84% while Asian benchmarks jumped 108%. Full pipelines and export terminals prevent American producers from capturing record international margins, forcing some to pay for disposal.
US Gas Prices Hit 17-Month Low Amid Global Supply Crisis
US gas futures hit 17-month lows as export limits trap domestic supply. Global prices rise as war with Iran halts 20% of global liquefied natural gas supply.
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