Natural Gas Increases After Utilities Removed an Anticipated 2 Bcf of Gas From Storage

Natural gas prices rose by 2.32% to ₹278.3, driven by a smaller-than-expected inventory withdrawal and forecasts of increased demand. The U.S. Energy Information Administration reported a 2 billion cubic feet withdrawal from storage for the week ending November 22, 2024, reducing U.S. gas inventories to 3,967 bcf, 3.5% higher than last year and 7.2% above…

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Reduction in Natural Gas as Production Increases, Storage Build Report Increases Supply

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…

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Rising Production and Expected Decline in Demand for Natural Gas Next Week

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…

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China’s Natural Gas Consumption Is Said to Increase by 7.7% This Year

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…

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As warmer weather is predicted for the next two weeks, natural gas prices rise

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…

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Natural Gas Declined July 1st Despite An Increase In Production

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…

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Natural Gas Dropped on Profit Booking Despite Rising Prices Despite Daily Output Decline

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…

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