Citing data from the National Energy Administration, China’s natural gas consumption is anticipated to increase this year by 6.5% to 7.7% over the previous year, potentially reaching 425 billion cubic meters. This year’s production increased significantly as well. Due to state enterprises’ new field start-ups that improve domestic output, it climbed by 6% over the…
Forecasts of warmer-than-usual weather over the next several weeks are expected to generate higher demand for air cooling, which helped natural gas prices rise by 2.94% yesterday and settle at 196. The weather forecast encouraged market optimism because rising temperatures usually lead to a greater requirement for electricity generation for cooling purposes, increasing natural gas…
The continued surplus circumstances in storage and higher output levels in July contributed to yesterday’s -1.16% drop in natural gas prices, which ended at 195.6. A protracted heat wave over the United States through mid-July was predicted. Still, predictions of a smaller-than-usual weekly storage increase and plentiful supply dynamics kept the market under pressure. Utility…
A fall in daily output and predictions of hotter-than-normal weather in late June caused natural gas prices to drop 1.62%, ultimately ending at 242.5. This decline was caused by profit bookings following previous increases. One factor influencing the market dynamics was the recovery of gas flow to LNG export facilities, especially after the reopening of…
Natural gas prices surged by 4.65% yesterday to end at 225.2, on the back of increasing gas flows to liquefied natural gas (LNG) export plants and projections of higher demand for the next week. Notwithstanding, indications of heightened drilling activity, lower-than-anticipated demand this week, and apprehensions regarding the substantial excess gas in storage limited the…
Natural gas had a notable decrease of -2.73% yesterday, closing at 217, due to signs of increased driller extraction and worries about the large excess supply still in storage. Prices dropped in the face of a larger-than-expected build in storage, despite projections for higher demand in the next week and increased flow to liquefied natural…
Forecasts predicting higher demand over the next two weeks and increased flow to liquefied natural gas (LNG) export plants drove yesterday’s 0.21% increase in natural gas prices, which closed at 235.2. Prices jumped despite indications of heightened drilling activity and a notable excess supply in storage, underscoring the market’s susceptibility to supply dynamics and demand…
Due to expectations of increased demand over the next two weeks, natural gas saw a 4.02% increase in price yesterday, finishing at 186.3. The primary cause of this increase in demand was the increased feed gas to LNG export facilities, particularly with the reopening of Freeport LNG in Texas. A persistent drop in output has…
Due to the statistical impact of a high base, the growth of “core sectors” decreased to 5.2% in March from 7.1% in February, according to figures issued by the trade ministry on Tuesday. On the other hand, the output of eight key industries increased sequentially in March by 9.9%, the highest rate in a year….
Natural gas saw a 5.11% increase and ended up at 168.7 due to several variables that affected market dynamics. A decrease in output combined with more feed gas supplied to the Freeport LNG export facility raised market activity. Natural gas flow to U.S. LNG export facilities increased significantly, hitting a three-week high. Freeport LNG in…
