With the warmest winter on record this year and continued high levels of natural gas production, the U.S. ended the season with more gas stored than ever before.
By producing so much gas and putting so much away, the industry is likely to face continued low prices for the commodity, not encouraging news for the sector. But the combination of factors also means more opportunities to sell gas to power plants, the U.S. Energy Information Administration says in a new report. (Read more)