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…
Yesterday’s natural gas price decrease of -0.07% to 146.8 was somewhat expected given the market’s ongoing struggles with a substantial surplus. However, expectations of milder weather for the coming week meant that demand for the commodity would likely increase, so the downside was limited. Prices were also somewhat supported by increased gas flow to LNG…
Natural gas prices increased by 1.45%, finishing at 146.5, on higher demand expectations for the next two weeks. This increase in demand comes against a backdrop of reduced output, with some energy companies reducing drilling activity and delaying well completions, resulting in a 3% decline in output over the last month. In addition to supply-side…
Due to outages at Freeport LNG’s Texas facility, ample gas supplies in storage, and lower expectations for gas flows to liquefied natural gas (LNG) export plants, natural gas prices fell 1.5% to settle at 150.9. Forecasts for milder weather over the next two weeks fueled the decline. Even lower than expected demand was the news…
With predictions of colder weather and higher heating demand over the next two weeks, natural gas saw a significant spike of 2.46% yesterday, closing at 141.7. This change in weather forecasts helped to boost market confidence, as did a persistent decline in U.S. output after petrol prices fell to a 3-1/2-year low in February. Due…
