Natural gas prices rose by 2.09% to reach 273.3, driven by weather forecasts and geopolitical developments. Persistent heat in key US regions, coupled with the President’s acceleration of the Ukraine ceasefire deadline for Russia, has boosted air conditioning use and power sector gas consumption. Despite rising prices, supply remains robust, with average output in the…
Natural gas prices rose by 5.51% to settle at ₹306.6 due to a decline in output and revised demand forecasts. Production in the Lower 48 US states dropped to 103.0 billion cubic feet per day in early May, and daily output is projected to dip further to a two-month low of 102.6 bcfd. Gas demand…
Natural gas prices fell by 2.53% to settle at ₹285.3 due to rising production levels and forecasts for mild weather. Output in the Lower 48 US states has averaged 106.3 billion cubic feet per day, just above the previous monthly record. Daily output hit an all-time high of 107.4 bcfd, affecting prices. Weather forecasts suggest…
Natural gas prices fell 1.4% yesterday to settle at 197.6, as forecasts of milder weather over the next two weeks indicated less than normal heating demand. Meteorologists predict warmer-than-normal temperatures in the Lower 48 U.S. states through Nov. 1, which will reduce natural gas consumption. As a result, LSEG forecasts that average gas demand, including…
