Natural gas ended the week at 133.3, a minor decrease of -0.22%, as the market was influenced by near-record output and a smaller-than-expected storage removal the previous week. Because warmer-than-normal weather suppressed heating demand, U.S. utilities removed 49 billion cubic feet of natural gas from storage, falling short of market estimates of a 67 bcf…
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…
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,…
With temperatures expected to stay above average until mid-August, there will continue to be a significant demand for air cooling, particularly in Texas. Nat. Gas yesterday settled up 7.1% at 227.2. The average gas production in the Lower 48 States of the United States has remained at 101.8 billion cubic feet per day (bcfd) so…
