Natural gas prices increased by 1.45%, finishing at 146.5, on higher demand expectations for the next two weeks. This increase in demand comes against a backdrop of reduced output, with some energy companies reducing drilling activity and delaying well completions, resulting in a 3% decline in output over the last month. In addition to supply-side…
Due to outages at Freeport LNG’s Texas facility, ample gas supplies in storage, and lower expectations for gas flows to liquefied natural gas (LNG) export plants, natural gas prices fell 1.5% to settle at 150.9. Forecasts for milder weather over the next two weeks fueled the decline. Even lower than expected demand was the news…
With predictions of colder weather and higher heating demand over the next two weeks, natural gas saw a significant spike of 2.46% yesterday, closing at 141.7. This change in weather forecasts helped to boost market confidence, as did a persistent decline in U.S. output after petrol prices fell to a 3-1/2-year low in February. Due…
The demand for natural gas decreased 3.67% to 141.7 as a result of moderate weather predictions. Following a 6% decline in U.S. output, EQT and Chesapeake Energy decided to reduce production. As a result of its merger with Southwestern Energy, EQT is now the biggest gas producer in the country. With a commitment to production…
Natural gas prices fell by -2.55% to settle at 153.1, mostly as a result of excess supply brought on by a mild winter and record output levels. In the week that concluded on February 23, 2024, U.S. utilities removed 96 billion cubic feet of natural gas from storage, surpassing the 88 billion cubic feet that…
With producers actively working to reduce output in the face of a difficult market, natural gas saw a significant increase of 3.7%, ultimately settling at 151.2. A dramatic drop in prices prompted Chesapeake Energy and other major gas producers, such as Antero Resources, Comstock Resources, and EQT, to announce large reductions to their 2024 output…
Chesapeake Energy announced a cut in its 2024 gas production estimates in response to the recent drop in gas prices to a 3.5-year low, which caused natural gas to see a significant jump, finishing up 11.84% at 147.4. This action by Chesapeake is part of a larger trend, as other gas producers like Antero Resources,…
Natural gas ended the week at 133.3, a minor decrease of -0.22%, as the market was influenced by near-record output and a smaller-than-expected storage removal the previous week. Because warmer-than-normal weather suppressed heating demand, U.S. utilities removed 49 billion cubic feet of natural gas from storage, falling short of market estimates of a 67 bcf…
Natural gas saw pressure from below, ultimately settling at 133.6, down -1.11% from the previous week’s close amid record output and a lower-than-anticipated storage depletion. Warmer-than-normal weather that reduced demand for heating caused U.S. utilities to withdraw 49 billion cubic feet of natural gas from storage during the week ending February 9, 2024, falling short…
A lower expectation for heating demand, near-record output, enough fuel in storage, and falling worldwide petrol prices were some of the factors that contributed to natural gas’s notable reduction of -7.48%, which eventually settled at 139.7. Low gas flows to U.S. LNG export facilities, mostly as a result of the liquefaction unit closure at Freeport…
