Natural gas prices fell by 2.53% to settle at ₹285.3 due to rising production levels and forecasts for mild weather. Output in the Lower 48 US states has averaged 106.3 billion cubic feet per day, just above the previous monthly record. Daily output hit an all-time high of 107.4 bcfd, affecting prices. Weather forecasts suggest…
Natural gas prices rose by 2.05% to 347.8, despite a decline in daily output and higher-than-expected demand forecasts for the next two weeks. Gas stockpiles remain 5% below normal levels due to extreme cold in January and February. Average gas production in the Lower 48 states fell to 104.4 billion cubic feet per day in…
Record production levels and forecasts of mild weather that are expected to reduce heating demand in early April led natural gas prices to fall -0.29% to 344.2. Gas storage levels are still 8% below seasonal norms, including inventory drawdowns due to severe cold in January. According to LSEG figures, average gas production in the Lower…
Natural gas prices rose 1.14% to ₹355.4 on the back of a decline in natural gas production and cold weather. The severe cold weather in January and February forced energy companies to remove large quantities of gas from storage, which is 12% below the average for this time of year. According to LSEG data, average…
Natural gas prices fell by 3.31% to 373.9, driven by near-record output and mild weather forecasts. However, the downside was mitigated by record LNG export flows and concerns over potential reductions in gas exports from Canada following US tariffs on Canada and Mexico. Lower 48 US states saw production increase to 105.5 bcfd in March,…
Natural gas prices rose by 9.1% to ₹387.3 due to record flows to LNG export facilities and higher-than-expected demand forecasts for next week. Despite near-record output and mild weather projections, gas demand in the Lower 48 states is expected to fall from 118.8 bcfd this week to 115.2 bcfd next week. Weather forecasts indicate temperatures…
Natural gas prices dropped by 0.63% to ₹285.7 due to increased U.S. production and reduced tariff risks. President’s suspension of tariffs on Canada and Mexico reduced import costs, reducing price support. Average U.S. gas output rose to 106.0 bcfd in February, but daily production dropped to 105.1 bcfd. Weather remains a key driver, with forecasts…
Natural gas prices rose by 0.85% to ₹284.3 due to higher global LNG demand and colder weather in the U.S. by mid-January. Industry estimates increased demand forecasts by 18 billion cubic feet, signaling the onset of the withdrawal season. Concerns over Russian gas reaching Europe via Ukraine have driven demand for U.S. LNG exports. U.S….
Natural gas prices have risen by 7.02% to ₹320.2 due to increased global LNG demand and forecasts of colder weather in the US. A cold front is expected halfway through January, leading to an 18 billion cubic feet increase in demand forecasts. The EIA data shows natural gas storage levels fell by over 100 billion…
Natural gas prices rose by 4.5% to ₹299.6 due to a larger-than-expected storage draw, with the U.S. Energy Information Administration (EIA) reporting a withdrawal of 190 billion cubic feet from storage for the week ending December 6. Despite the decline, storage levels remain 1.8% higher year-over-year and 4.6% above the five-year average. Gas flows to…
