AIRLINK 72.80 Increased By ▲ 0.62 (0.86%)
BOP 5.06 Increased By ▲ 0.13 (2.64%)
CNERGY 4.33 Decreased By ▼ -0.02 (-0.46%)
DFML 30.52 Increased By ▲ 2.03 (7.13%)
DGKC 85.95 Increased By ▲ 4.65 (5.72%)
FCCL 22.35 Increased By ▲ 0.85 (3.95%)
FFBL 33.22 Increased By ▲ 0.17 (0.51%)
FFL 9.78 Decreased By ▼ -0.08 (-0.81%)
GGL 10.40 Decreased By ▼ -0.08 (-0.76%)
HBL 113.62 Decreased By ▼ -0.38 (-0.33%)
HUBC 136.20 Decreased By ▼ -3.80 (-2.71%)
HUMNL 10.03 Increased By ▲ 1.00 (11.07%)
KEL 4.66 Decreased By ▼ -0.07 (-1.48%)
KOSM 4.40 Increased By ▲ 0.02 (0.46%)
MLCF 38.35 Increased By ▲ 0.70 (1.86%)
OGDC 133.40 Decreased By ▼ -0.30 (-0.22%)
PAEL 27.40 Increased By ▲ 1.80 (7.03%)
PIAA 24.76 Increased By ▲ 0.78 (3.25%)
PIBTL 6.55 Increased By ▲ 0.07 (1.08%)
PPL 121.21 Decreased By ▼ -1.41 (-1.15%)
PRL 27.15 Increased By ▲ 0.08 (0.3%)
PTC 13.89 Increased By ▲ 0.29 (2.13%)
SEARL 60.40 Increased By ▲ 3.78 (6.68%)
SNGP 68.53 Decreased By ▼ -0.71 (-1.03%)
SSGC 10.33 Decreased By ▼ -0.01 (-0.1%)
TELE 9.05 Increased By ▲ 0.60 (7.1%)
TPLP 11.26 Decreased By ▼ -0.02 (-0.18%)
TRG 65.70 Increased By ▲ 4.49 (7.34%)
UNITY 25.25 Decreased By ▼ -0.08 (-0.32%)
WTL 1.50 No Change ▼ 0.00 (0%)
BR100 7,608 Decreased By -22.2 (-0.29%)
BR30 25,091 Increased By 100.6 (0.4%)
KSE100 72,658 Increased By 56.2 (0.08%)
KSE30 23,383 Decreased By -155.9 (-0.66%)
May 10, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US natural gas

US natgas on track for 20-month high as LNG exports rise, cold weather

US natgas on track for 20-month high as LNG exports rise, cold weather

  • Front-month gas futures rose 11.9 cents, or 4.3%, to $2.914 per million British thermal units.
  • Data provider Refinitiv said output in the Lower 48 US states slipped to 88.4 billion cubic feet per day (bcfd) on Monday from a six-week high of 88.6 bcfd last week.
Published 20 Oct, 2020 06:34pm
US natgas edges up on rising LNG exports, cold forecasts
Markets

US natgas edges up on rising LNG exports, cold forecasts

  • Front-month gas futures rose 2.2 cents, or 0.8%, to settle at $2.795 per million British thermal units.
  • As LNG exports rise and the weather turns colder, Refinitiv projected average demand would jump from 89.2 bcfd this week to 98.2 bcfd next week.
Published 20 Oct, 2020 01:34am
US natgas jumps over 5pc on small storage build, cold forecasts
Markets

US natgas jumps over 5pc on small storage build, cold forecasts

  • That price increase came despite a rise in output with Gulf Coast wells returning after Hurricane Delta and an increase in gas flows to liquefied natural gas (LNG) export plants.
  • The US Energy Information Administration said US utilities injected 46 billion cubic feet (bcf) of gas into storage in the week ended Oct. 9.
Published 16 Oct, 2020 12:18am
US natgas jumps to 19-month high on cold, rising LNG exports
Markets

US natgas jumps to 19-month high on cold, rising LNG exports

  • Traders also noted prices were up on forecasts for colder weather and higher heating demand over the next two weeks.
  • Front-month gas futures rose 14.0 cents, or 5.1%, to settle at $2.881 per million British thermal units, their highest close since March 2019.
Published 13 Oct, 2020 01:25am
US natgas output, demand to fall in 2020 from peaks due to coronavirus
Markets

US natgas output, demand to fall in 2020 from peaks due to coronavirus

  • The EIA projected dry gas production will drop to 90.64 billion cubic feet per day (bcfd) in 2020 and 86.81 bcfd in 2021 from the all-time high of 93.06 bcfd in 2019.
  • It also projected gas consumption would fall to 83.66 bcfd in 2020 and 78.73 bcfd in 2021, from a record 85.20 bcfd in 2019.
Published 07 Oct, 2020 01:07am
US natgas futures fall with cash prices on lower demand forecasts
Markets

US natgas futures fall with cash prices on lower demand forecasts

  • The decline in futures prices came despite a projected increase in LNG exports, record sales to Mexico and a drop in daily output to a 25-month low.
  • On its second to last day as the front-month, gas futures for October delivery fell 10.9 cents, or 4.8%, to settle at $2.139 per million British thermal units (mmBtu).
Published 26 Sep, 2020 02:54am
US natgas jumps almost 16pc from 7 week low as demand and LNG exports rise
Markets

US natgas jumps almost 16pc from 7 week low as demand and LNG exports rise

  • Front-month gas futures rose 29.1 cents, or 15.9%, to settle at $2.125 per million British thermal units in their biggest one-day percentage gain since early August.
  • Data provider Refinitiv said output in the Lower 48 US states was on track to fall to 83.8 billion cubic feet per day (bcfd) on Wednesday.
Published 24 Sep, 2020 12:05am
US natgas futures retreat on lower cooling demand
Markets

US natgas futures retreat on lower cooling demand

  • The front-month was en route to its first weekly fall in five and at a decline of over 8%, its worst performance since the week ended June 26.
  • The overall lower demand along with relatively flat production estimates since last week is creating a little bit of a pause in what was an upward momentum market.
Updated 04 Sep, 2020 08:54pm
US natgas falls on lower cooling demand, LNG exports
Markets

US natgas falls on lower cooling demand, LNG exports

  • Hurricane Laura took out a lot of demand from the Texas-Louisiana border right through the center of the country and it brought some cooler weather behind it.
  • Demand in the Lower 48 states is expected to decline as the weather turns cooler, falling from 85.3 bcfd this week to 83.3 bcfd in the next.
Published 01 Sep, 2020 07:45pm