Prices give bump to gas-fired power

BECAUSE of weak gas and power demand, the US Energy Information Administration this week cut its forecast for total US natural gas marketed production for the remainder of the year, even as it expected production to rise beginning in the second quarter of 2021 propelled by higher prices.

Prices give bump to gas-fired power Prices give bump to gas-fired power Prices give bump to gas-fired power Prices give bump to gas-fired power Prices give bump to gas-fired power
The EIA, in its June Short-Term Energy Outlook, lowered by 600 MMcf/d, to 97.78 Bcf/d, its gas marketed production estimate in the second quarter of 2020 and trimmed by 160 MMcf/d, to 94.