Forecasts predicting a loss in demand and an increase in supply due to the expectation of warmer-than-normal weather in late January caused natural gas to dip significantly, falling by -4.47% to settle at 243.7. Although the extreme cold weather drove spot power and petrol prices to multi-year highs, the futures market was impacted by expectations…
While record output and mild weather have affected storage demand, natural gas prices increased by 0.24% to close at 207.5. Expectations of colder weather in January and higher demand for heating contributed to the price reduction. The surplus was mostly due to record gas flows to U.S. LNG export facilities. High output and abundant storage…
The natural gas market saw a little increase of 0.15%, ending at 196.6, due to higher demand estimates and more gas flowing to LNG export plants. This spike happened in spite of record output levels, expectations of warm weather, and the expectation that next week’s heating demand will fall. The anticipated withdrawal of 55 billion…
With record production, abundant storage, and less demand, natural gas had a significant 5.25% decrease, ending at 223.9. Contrary to the predicted withdrawal, the U.S. gas storage system saw an unexpected 10 Bcf addition. This surprised the market, especially considering the large departure from last year’s numbers. The negative outlook was reinforced by weather predictions…
A surprise storage withdrawal, approaching colder weather, and increased demand for heating over the next two weeks were among the unanticipated variables that drove up natural gas prices, which closed at 242 with a 0.67% gain. In sharp contrast to the 60 bcf withdrawal during the same week last year and a five-year average decline…
Natural gas prices have dropped significantly, by 6.85%, to finish at 272. The main causes of this fall include a combination of rising gas production, plenty of gas in storage, low demand, and mild weather. One factor contributing to the overstock is increased production in November, which increased from a record high in October. Moreover,…
The price of natural gas fell sharply by -3.25% to settle at 291.4, mostly due to record output levels and predictions of milder weather. Prices were further pressured by lower predictions for heating demand over the next two weeks. According to the EIA, US utilities increased the amount of gas they stored by 74 billion…
Anticipated colder weather and higher heating demand in the upcoming week caused the natural gas market to see a 1.86% price hike, ultimately settling at 279.9. Record-high output levels and a generally benign weather forecast through early November did not prevent this growth. Notably, gas output in the Lower 48 U.S. states surpassed prior records…
Natural gas prices significantly dropped in the previous session, falling by 4.1% to close at 245.8, mostly as a result of a number of market-affecting events. The main causes of this bearish trend were record-high natural gas production, warm weather, and a larger-than-expected storage build. US utilities added 97 billion cubic feet (bcf) of natural…
