According to American Chemistry Council (ACC) Weekly Chemistry & Economic Trends report on January 27, 2023, with a combination of weaker demand (mild weather and an industrial recession) and production gains, U.S. natural gas prices continued to decline, hitting their lowest level in nearly 2 years (April 2021). Oil prices were higher this week on some better-than-expected economic news and a smaller-than-expected inventory build. The combined oil and gas rig count fell by four to 769 during the week ending 20 January.
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American Chemistry Council
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