North American Natural Gas Prices Slump Amid Excess Supply
Physical natural gas prices have been faltering due to hints of easing demand and excess supply in North America. According to NGI's analytics platform, pipeline flow data is indicating a decrease in demand, which is suppressing bullish sentiment.
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The excess supply is likely a result of increased production in North America, which has led to a surplus of natural gas. This surplus is putting downward pressure on prices, making it difficult for bullish sentiment to gain traction.