ANL 12.69 Decreased By ▼ -0.31 (-2.38%)
ASC 14.60 Decreased By ▼ -0.22 (-1.48%)
ASL 15.43 Decreased By ▼ -0.32 (-2.03%)
AVN 104.10 Decreased By ▼ -3.95 (-3.66%)
BOP 8.40 Decreased By ▼ -0.03 (-0.36%)
CNERGY 6.11 Decreased By ▼ -0.15 (-2.4%)
FFL 9.04 Decreased By ▼ -0.06 (-0.66%)
FNEL 8.46 Decreased By ▼ -0.19 (-2.2%)
GGGL 13.10 Decreased By ▼ -0.12 (-0.91%)
GGL 19.64 Decreased By ▼ -0.75 (-3.68%)
GTECH 9.20 Decreased By ▼ -0.20 (-2.13%)
HUMNL 6.71 Decreased By ▼ -0.04 (-0.59%)
KEL 3.06 Decreased By ▼ -0.08 (-2.55%)
KOSM 4.08 Decreased By ▼ -0.07 (-1.69%)
MLCF 34.31 Increased By ▲ 0.01 (0.03%)
PACE 3.98 Decreased By ▼ -0.15 (-3.63%)
PIBTL 7.15 Decreased By ▼ -0.08 (-1.11%)
PRL 14.05 Decreased By ▼ -0.39 (-2.7%)
PTC 8.60 Decreased By ▼ -0.06 (-0.69%)
SILK 1.29 Decreased By ▼ -0.03 (-2.27%)
SNGP 34.25 Increased By ▲ 0.09 (0.26%)
TELE 17.15 Decreased By ▼ -0.59 (-3.33%)
TPL 12.30 Decreased By ▼ -0.67 (-5.17%)
TPLP 27.83 Decreased By ▼ -0.69 (-2.42%)
TREET 38.62 Decreased By ▼ -1.03 (-2.6%)
TRG 76.21 Decreased By ▼ -6.64 (-8.01%)
UNITY 27.50 Decreased By ▼ -0.35 (-1.26%)
WAVES 15.53 Increased By ▲ 0.43 (2.85%)
WTL 2.14 Decreased By ▼ -0.07 (-3.17%)
YOUW 7.59 Decreased By ▼ -0.18 (-2.32%)
BR100 4,589 Decreased By -9.5 (-0.21%)
BR30 17,220 Decreased By -114 (-0.66%)
KSE100 44,856 Decreased By -31.6 (-0.07%)
KSE30 17,658 Decreased By -38.8 (-0.22%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,137
1524hr
Pakistan Cases
1,386,348
5,19624hr
Sindh
531,008
Punjab
467,698
Balochistan
34,032
Islamabad
120,813
KPK
186,537

NEW YORK: US natural gas futures held steady on Friday as forecasts for milder weather and lower demand next week offset forecasts for warmer weather in mid June that is expected to boost power generator demand for gas to keep air conditioners humming.

Front-month gas futures rose 0.5 cent, or 0.2%, to $3.046 per million British thermal units at 9:04 a.m. EDT (1304 GMT).

For the week, the front-month was up about 2% after rising about 3% last week.

Data provider Refinitiv said gas output in the Lower 48 US states averaged 91.3 billion cubic feet per day (bcfd) so far in June, up from 91.0 bcfd in May but still well below the monthly record high of 95.4 bcfd in November 2019.

With warmer weather coming, Refinitiv projected average gas demands, including exports, would rise from 84.6 bcfd this week to 88.0 bcfd next week and 89.7 bcfd in two weeks. The forecast for next week was a little lower than Refinitiv predicted on Thursday due to milder weather. The amount of gas flowing to US liquefied natural gas (LNG) export plants averaged 10.7 bcfd so far in June, down from 10.8 bcfd in May and the all-time high of 11.5 bcfd in April.

US pipeline exports to Mexico, meanwhile, averaged 6.69 bcfd so far in June, which would top the 6.11-bcfd average in May and the all-time high of 6.14 bcfd in April, according to Refinitiv data.

Comments

Comments are closed.