Government data showed low natural gas inventories helped prices recover on Thursday after a sharp drop on Wednesday following a fire at a fuel export facility in Texas, which should dent overseas shipments this summer.
Prices for electricity-producing fuels hit a 14-year high on Wednesday as news of a fire at one of the country’s largest liquefied natural gas export facilities sent them crashing. They fell more than 16% before the Energy Information Administration’s weekly report on Thursday showed little progress in filling storage facilities in the country. before summer air conditioning season and losses have been reduced.
