According to American Chemistry Council (ACC) Weekly Chemistry & Economic Trends report on January 13, 2023, natural gas prices were slightly higher than a week ago but remain near their lowest level in a year as U.S. natural gas production sets new production records and less is being withdrawn from inventories due to the warmer than typical weather. In fact, there was an exceedingly rare 11 BCF build in natural gas inventories last week. European gas prices also continue to ease and are back to year-ago levels. The combined oil and gas rig count fell by seven during the week ending 6 January.
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American Chemistry Council
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