Prices for natural gas increased as demand surged and more gas flowed to LNG export facilities

Forecasts predicting higher demand over the next two weeks and increased flow to liquefied natural gas (LNG) export plants drove yesterday’s 0.21% increase in natural gas prices, which closed at 235.2. Prices jumped despite indications of heightened drilling activity and a notable excess supply in storage, underscoring the market’s susceptibility to supply dynamics and demand…

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A significant excess of gas in storage caused a decrease in natural gas prices

Yesterday’s natural gas price decrease of -0.07% to 146.8 was somewhat expected given the market’s ongoing struggles with a substantial surplus. However, expectations of milder weather for the coming week meant that demand for the commodity would likely increase, so the downside was limited. Prices were also somewhat supported by increased gas flow to LNG…

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Expectations for milder weather over the next two weeks have caused natural gas prices to ease

Due to outages at Freeport LNG’s Texas facility, ample gas supplies in storage, and lower expectations for gas flows to liquefied natural gas (LNG) export plants, natural gas prices fell 1.5% to settle at 150.9. Forecasts for milder weather over the next two weeks fueled the decline. Even lower than expected demand was the news…

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A federal report indicating a boost in storage last week caused natural gas to decline

After a federal report confirmed a storage build in line with market expectations, natural gas had a sharp decline of -3.61%, settling at 218. U.S. utilities increased their gas storage by 64 billion cubic feet (bcf), closely matching the predicted 67 bcf increase, according to the EIA (U.S. Energy Information Administration). A 10-week low of…

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