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…
The price of natural gas fell sharply by -3.25% to settle at 291.4, mostly due to record output levels and predictions of milder weather. Prices were further pressured by lower predictions for heating demand over the next two weeks. According to the EIA, US utilities increased the amount of gas they stored by 74 billion…
Given that demand is expected to be lower than initially anticipated over the next two weeks, natural gas prices yesterday decreased by -0.48% to 186.3. The price drop occurred despite Canada’s gas exports from the country declining as a result of wildfires and the amount of gas flowing to U.S. LNG export facilities remaining low…
A near-record amount of natural gas was produced for the month, which kept prices under pressure. Yesterday, natural gas prices decreased by -3.63% to 172.8 in anticipation that milder weather would lower the need for heating. The United States Energy Information Administration (EIA) predicted that due to milder weather, the country’s power consumption will decrease…
