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 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 2.32% to ₹278.3, driven by a smaller-than-expected inventory withdrawal and forecasts of increased demand. The U.S. Energy Information Administration reported a 2 billion cubic feet withdrawal from storage for the week ending November 22, 2024, reducing U.S. gas inventories to 3,967 bcf, 3.5% higher than last year and 7.2% above…
