Natural Gas Data Overstated
The Wall Street Journal is reporting that the Energy Department has discovered that it has been overstating U.S. natural gas production data.
Turns out that the Energy Information Administration was only collecting output information from large producers and then estimating production from the rest of the industry. The agency is revising its methodology and expects to use the new approach in the April 30 report on February production.
The largest natural gas ETF is the $2.8 billion United States Natural Gas Fund (UNG).
For more investing choices, see the special report Investing in Natural Gas with Exchange Traded Funds.
About Keeping Up:
Part news analysis, part commentary, ETF MarketPro's Keeping Up column goes beyond the headlines to give ETF investors new insights into investing with ETFs.
Topics range from market movements and underlying sector trends to ETF industry changes, fundamental investing concepts and ETF investing themes.
ETF Investor Insights
Free newsletter with latest news, investing ideas, case studies and upcoming events of interest to ETF investors