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…
The price of natural gas dropped sharply by -4.09% to 143.1, mostly due to record supply, a surplus of fuel in storage, and a decrease in heating demand. During the week ending February 16, 60 billion cubic feet of natural gas were drawn from storage; this amount was less than the 64 billion cubic feet…
A lower expectation for heating demand, near-record output, enough fuel in storage, and falling worldwide petrol prices were some of the factors that contributed to natural gas’s notable reduction of -7.48%, which eventually settled at 139.7. Low gas flows to U.S. LNG export facilities, mostly as a result of the liquefaction unit closure at Freeport…
While record output and mild weather have affected storage demand, natural gas prices increased by 0.24% to close at 207.5. Expectations of colder weather in January and higher demand for heating contributed to the price reduction. The surplus was mostly due to record gas flows to U.S. LNG export facilities. High output and abundant storage…
A surprise storage withdrawal, approaching colder weather, and increased demand for heating over the next two weeks were among the unanticipated variables that drove up natural gas prices, which closed at 242 with a 0.67% gain. In sharp contrast to the 60 bcf withdrawal during the same week last year and a five-year average decline…
Natural gas prices have dropped significantly, by 6.85%, to finish at 272. The main causes of this fall include a combination of rising gas production, plenty of gas in storage, low demand, and mild weather. One factor contributing to the overstock is increased production in November, which increased from a record high in October. Moreover,…
Anticipated colder weather and higher heating demand in the upcoming week caused the natural gas market to see a 1.86% price hike, ultimately settling at 279.9. Record-high output levels and a generally benign weather forecast through early November did not prevent this growth. Notably, gas output in the Lower 48 U.S. states surpassed prior records…
Natural gas rose Wednesday by 3.38% to settle at 192.6, helped by increased demand and decreased supply. The demand for gas to generate electricity for air conditioning is projected to increase due to a predicted heatwave from 21 to 28 June. The domestic output is also decreasing from May’s record high of 102.5 bcfd. On…
