UBS said on Friday that U.S. natural gas prices have gone up a lot in recent weeks as forecasts show a colder-than-normal start to winter across the country. UBS believes the market is now focused on possible heating demand and the steady growth of U.S. natural gas exports. This is happening even though gas storage…
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 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…
