pure-gasoline stoop might final, Says Producer EQT

After hovering to 14-yr highs in 2022, U.S. pure-gasoline prices have fallen forty five% this yr. The nation’s largest gasoline producer doesn’t anticipate a rebound for a quantity of months.


(ticker: EQT), a Pittsburgh-based mostly producer whose operations are unfold by way of Pennsylvania, West Virginia, and Ohio, said in a convention name on Thursday that the market might stay oversupplied for the the rest of the yr. To get it again into steadiness, some producers should sluggish their exercise.


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