The price of natural gas yesterday increased by 3.02% to 218.6 due to predictions that the weather would continue to be hotter than usual until early September, which will keep air conditioning demand high, particularly in Texas. Even though it was anticipated that demand would decline over the following two weeks, that price rise still…
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…
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…
