empty
 
 

05.11.202603:21:36UTC+00US Natural Gas Prices Slip Ahead of Storage Data

US natural gas prices eased to about $2.94 per MMBtu on Thursday after two straight sessions of gains, as traders awaited the latest weekly storage data. Mild weather and soft demand have enabled energy companies to inject more gas into storage, and analysts now expect inventories for the week ended October 30 to stand 1.4% above the seasonal norm, up from 1.0% the previous week.

Forecasts indicate above-average temperatures across much of the country through November 19, a pattern that is likely to keep heating demand muted in the near term. At the same time, LNG export activity has softened: average gas flows to the nine major US LNG export terminals have declined to 18.1 bcfd so far in November, from 18.4 bcfd in October.

Still, falling domestic output has helped cap price declines. Gas production in the Lower 48 has averaged 111.2 bcfd so far this month, down from 113.4 bcfd in October.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback