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 0.65% to ₹262, driven by forecasts for cooler weather and increased heating demand. Rising gas flows to U.S. LNG export plants also supported the market. However, gains were limited as utilities reported smaller-than-expected storage withdrawals. The U.S. Energy Information Administration reported a 30 billion cubic feet withdrawal for the week…
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…
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…
