Texas Natural Gas Prices Go Negative

Yesterday, Waha natural gas sank to near zero levels. On Tuesday, they sank below it. On Monday, natural gas in the Waha part of the Permian Basin fell to 20 cents per MMBtu, traders said. But on Tuesday, they fell even further, with traders reporting that offers for the Waha grade sank to -$2 per MMBtu, compared to the Nymex X22, which was trading at $5.305 per MMBTU. Europe’s natural gas pricing is falling now that most countries have reached their desired storage levels but are still more than $25 per MMBTU. France’s President Emmanuel…

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