Natural gas prices fell by -0.58% to settle at 290.8 due to robust supply growth and larger-than-expected storage builds. U.S. utilities added 55 billion cubic feet of gas to storage for the week ending June 27, exceeding market expectations and well above the 35 bcf added in the same period last year. Hotter mid-July weather…
Natural gas prices fell by 3.34% to 300.9 due to rising output, strong inventory builds, and reduced LNG exports. Despite hotter-than-usual temperatures in the U.S., production in the Lower 48 states averaged 105.5 billion cubic feet per day (bcfd) in June, slightly higher than in May. The key weight on prices is the growing storage…
European natural gas prices rose slightly in early trading following a two-hour conversation between President Trump and Russian President Vladimir Putin. The benchmark Dutch TTF contract rose by 1.4%, reaching 35.72 euros per megawatt-hour. Despite the conversation, Russia did not agree to an immediate ceasefire with Ukraine. U.S. President indicated that Moscow and Kyiv would…
European natural gas prices have risen to 34 euros per megawatt hour due to increased competition for liquefied natural gas from Asia. Lower prices have attracted buyers back into the market, driving North Asia LNG prices back above $11 per million British thermal units. The European Union is expected to present a roadmap to reduce…
Natural gas prices rose by 5.51% to settle at ₹306.6 due to a decline in output and revised demand forecasts. Production in the Lower 48 US states dropped to 103.0 billion cubic feet per day in early May, and daily output is projected to dip further to a two-month low of 102.6 bcfd. Gas demand…
Natural gas prices fell by 2.53% to settle at ₹285.3 due to rising production levels and forecasts for mild weather. Output in the Lower 48 US states has averaged 106.3 billion cubic feet per day, just above the previous monthly record. Daily output hit an all-time high of 107.4 bcfd, affecting prices. Weather forecasts suggest…
Natural gas prices fell by 6.67% to settle at ₹330.2 due to weaker short-term demand forecasts, mild weather, and a drop in LNG exports. Despite a dip in production, bearish sentiment dominated the market. The average output in the lower 48 U.S. states slipped to 105.7 billion cubic feet per day in April, slightly below…
Natural gas prices rose by 2.05% to 347.8, despite a decline in daily output and higher-than-expected demand forecasts for the next two weeks. Gas stockpiles remain 5% below normal levels due to extreme cold in January and February. Average gas production in the Lower 48 states fell to 104.4 billion cubic feet per day in…
Natural gas prices fell by 3.31% to 373.9, driven by near-record output and mild weather forecasts. However, the downside was mitigated by record LNG export flows and concerns over potential reductions in gas exports from Canada following US tariffs on Canada and Mexico. Lower 48 US states saw production increase to 105.5 bcfd in March,…
Natural gas prices rose by 9.1% to ₹387.3 due to record flows to LNG export facilities and higher-than-expected demand forecasts for next week. Despite near-record output and mild weather projections, gas demand in the Lower 48 states is expected to fall from 118.8 bcfd this week to 115.2 bcfd next week. Weather forecasts indicate temperatures…
