Natural gas prices fell by -0.75% to ₹237.5 due to increased daily production and higher-than-expected storage builds. The latest federal report showed utilities added 42 billion cubic feet of gas to storage for November 8, 2024, marking the fourth consecutive week of larger-than-usual injections. However, losses were limited by forecasts of colder weather, which is…
Natural gas prices fell 1.4% yesterday to settle at 197.6, as forecasts of milder weather over the next two weeks indicated less than normal heating demand. Meteorologists predict warmer-than-normal temperatures in the Lower 48 U.S. states through Nov. 1, which will reduce natural gas consumption. As a result, LSEG forecasts that average gas demand, including…
Natural gas prices dropped by 3.57% to ₹240.3, despite a smaller-than-expected storage injection by US utilities. Concerns over potential disruptions in US natural gas production eased as tropical storms moved away from the Gulf of Mexico. Baker Hughes reported a 3 to 102 increase in rig drilling activity. Storage injections have been at record lows,…
Natural gas prices dropped by 2.27% to ₹180.6 due to milder weather forecasts, reducing demand for gas by power generators. Despite this, output decreased, and flows to LNG export terminals increased. Gas inventories remained 12% above normal levels, as producers injected smaller amounts into storage for 15 out of 16 weeks. Gas output in the…
Natural gas prices dropped by 2.31% to 164.9 as a result of increased output and lower-than-anticipated demand next week. This drop happened despite bullish forecasts of record-breaking heat that might drive petrol use by power generators to an all-time high and a smaller-than-expected weekly storage build. Gas output in the Lower 48 states increased to…
As a result of increasing output that outweighed expectations for higher demand over the next two weeks due to projected record heat in the Lower 48 U.S. states, natural gas prices ended up down -0.46% at 172.9. Prices have been pressured by a large excess of petrol in storage, even with the expected increase in…
Citing data from the National Energy Administration, China’s natural gas consumption is anticipated to increase this year by 6.5% to 7.7% over the previous year, potentially reaching 425 billion cubic meters. This year’s production increased significantly as well. Due to state enterprises’ new field start-ups that improve domestic output, it climbed by 6% over the…
Forecasts of warmer-than-usual weather over the next several weeks are expected to generate higher demand for air cooling, which helped natural gas prices rise by 2.94% yesterday and settle at 196. The weather forecast encouraged market optimism because rising temperatures usually lead to a greater requirement for electricity generation for cooling purposes, increasing natural gas…
The continued surplus circumstances in storage and higher output levels in July contributed to yesterday’s -1.16% drop in natural gas prices, which ended at 195.6. A protracted heat wave over the United States through mid-July was predicted. Still, predictions of a smaller-than-usual weekly storage increase and plentiful supply dynamics kept the market under pressure. Utility…
A fall in daily output and predictions of hotter-than-normal weather in late June caused natural gas prices to drop 1.62%, ultimately ending at 242.5. This decline was caused by profit bookings following previous increases. One factor influencing the market dynamics was the recovery of gas flow to LNG export facilities, especially after the reopening of…
