Natural gas prices recovered from yesterday’s lows for the week and closed modestly higher. The short coverage has pushed up prices as heat is forecast for much of the United States, boosting demand for gas from air conditioning suppliers. The Commodity Weather Group reported that between March 2 and 8,
The price of natural gas rose by almost five percent yesterday. Prices rose to their highest level in four months due to lower production and an increase in the amount of feed gas being sent to liquefied natural gas (LNG) export facilities. Energy traders said prices were still higher but
The economic data for the day is in. The dollar rose yesterday after data showed US import prices rose 0.9% last month, adding to market fears that the Federal Reserve’s fight to contain inflation has stalled and could be delayed policy makers from cutting interest rates. The market also was
Natural gas futures hit a 15-week high on Wednesday after production fell following a rise in crude at liquefied natural gas (LNG) export plants. Freeport LNG has restored full service, predicting a warmer than expected next two weeks. The warmer weather should boost the amount of gas power generators burn
Natural gas shipments rose more than five percent yesterday. Natural Gas Prices rose to a 14-week high on lower-than-expected inventories, stronger-than-expected demand over the next two weeks and continued output declines. The demand forecasts were mostly higher on forecasts for hotter-than-normal weather in mid- to late-May that should boost the
The natural gas price fall to a 1-month low yesterday. Prices fell more than five percent due to a larger-than-expected increase in weekly EIA gas supplies. The EIA reported Thursday that natural gas inventories rose by +92 billion bcf for the week ended April 19, beating expectations of +86 billion
Natural gas prices rose more than half a percent, extending the previous day’s rally. Prices were supported by colder weather forecasts in the US, which could increase demand for gas heating. Maxar Technologies announced Monday that cooler weather is forecast for the western and central United States. Nat-gas prices have
There has been a major decline in natural gas prices in the natural gas market, which have dropped by over 70% in the last year. The drop stems from an oversupply with US inventories currently at 41.1% above their five-year average as at March 22nd. Prices of this commodity remain
The price of natural gas continued to be under pressure as a shift in US weather forecasts towards warming added to the selling pressure on prices. The Good Weather Group said “severe heat” is expected in the central and eastern United States from 8 in March, which reduces the need
Natural gas futures jumped about five percent on Wednesday on forecasts for cooler weather and higher heating demand over the next two weeks than previously expected and as output remains slow to return after wells and other equipment froze in last week’s Arctic freeze. This price increase came despite weather
