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Jun 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US natural gas

US natgas futures drop over 4pc to 3-week low as output rises

US natgas futures drop over 4pc to 3-week low as output rises

  • Front-month gas futures fell 7.7 cents, or 4.5%, to settle at $1.641 per million British thermal units, their lowest close since June 26.
  • As consumers crank up their air conditioners, Refinitiv forecast US demand, including exports, will rise from 92.5 bcfd this week to 94.1 bcfd next week.
Published 21 Jul, 2020 12:09am
US natgas futures little changed on expected small storage build
Markets

US natgas futures little changed on expected small storage build

  • The US Energy Information Administration (EIA) said US utilities injected 45 billion cubic feet (bcf) of gas into storage during the week ended July 10.
  • As consumers crank up their air conditioners, Refinitiv forecast US demand, including exports, will rise from 90.8 bcfd this week to 93.5 bcfd next week.
Published 16 Jul, 2020 07:50pm
US natgas futures slip on rising output, low LNG exports
Markets

US natgas futures slip on rising output, low LNG exports

  • Traders noted prices were down despite forecasts for more hot weather and higher cooling demand over the next two weeks and an increase in pipeline exports to Canada and Mexico.
  • Refinitiv forecast US demand, including exports, will rise from 90.4 bcfd this week to 92.9 bcfd next week. That was higher than Refinitiv's outlook on Monday.
Published 14 Jul, 2020 06:56pm
US natgas futures slide on rising output, less hot weather
Markets

US natgas futures slide on rising output, less hot weather

  • Traders noted that price decline came despite a drop in liquefied natural gas (LNG) exports this month to their lowest since early 2018.
  • Front-month gas futures for August delivery on the New York Mercantile Exchange fell 2.7 cents, or 1.5%, to $1.778 per million British thermal units.
Published 13 Jul, 2020 07:08pm
US natgas futures slide as output slowly rises, LNG exports remain low
Markets

US natgas futures slide as output slowly rises, LNG exports remain low

  • That lower price move comes despite forecasts the hotter-than-normal weather will continue through late July, prompting consumers to keep their air conditioners cranked up.
  • As the weather heats up, Refinitiv forecast US demand, including exports, will rise from 89.3 bcfd this week to 91.4 bcfd next week and 93.3 bcfd in two weeks.
Published 10 Jul, 2020 08:21pm
US natgas futures hit 2-month high ahead of storage report
Markets

US natgas futures hit 2-month high ahead of storage report

  • Traders noted the advance came on forecasts the weather will remain hotter-than-normal for the next two weeks.
  • As the weather heats up, Refinitiv forecast US demand, including exports, will rise from 89.2 bcfd this week to 90.7 bcfd next week.
Published 09 Jul, 2020 08:29pm