Natural gas prices rose by 3.12% to 274.1 despite a drop in daily output. The rise was despite forecasts for softer demand, ample storage, and stagnant LNG export flows. The average gas output in the Lower 48 states declined to 107.4 billion cubic feet per day in September, down from a record high of 108.3…
Natural gas prices dropped by -0.47% to 272.6 on MCX due to abundant supply, near-record production levels, and forecasts of milder weather. Output in the Lower 48 states averaged 107.5 billion cubic feet per day in September, down from the August record of 108.3 billion cubic feet per day. Production dropped to a preliminary eight-week…
Natural gas prices rose by 1.86% to ₹273.9 due to declines in output and increased flows to LNG export plants. Freeport LNG’s plant in Texas is expected to return soon, bolstering export capacity. Despite forecasts of lower demand and abundant gas in storage, prices remain firm. Average gas output in the Lower 48 states fell…
Natural gas prices fell by 4.88% to 235.9 due to strong supply and limited demand triggers. Despite hotter-than-average summer conditions, record output has kept the market well supplied. Production in the Lower 48 states averaged 108.1 billion cubic feet per day (bcfd) in August, slightly above July’s 107.9 bcfd. However, daily output briefly dipped to…
Natural gas prices rose by 2.09% to reach 273.3, driven by weather forecasts and geopolitical developments. Persistent heat in key US regions, coupled with the President’s acceleration of the Ukraine ceasefire deadline for Russia, has boosted air conditioning use and power sector gas consumption. Despite rising prices, supply remains robust, with average output in the…
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…
