empty
 
 

21.10.202603:03:23UTC+00US Natgas Prices Edge Higher

US natural gas prices inched up to $2.97 per MMBtu on Wednesday, attempting to recover from a four-week low seen in the prior session, as stronger LNG export activity and lower production partially offset soft demand amid mild weather conditions. Average gas flows to the nine major US LNG export terminals have increased to 18.2 bcfd so far in October, up from 17.9 bcfd in September. At the same time, gas output in the Lower 48 states has averaged 111.4 bcfd this month, down from the record 113.3 bcfd reached in both August and September.

The storage surplus continued to narrow as well, with inventories as of October 9 standing 3.9% below year-ago levels and just 1.3% above the five-year average. Looking ahead, mild temperatures are expected to persist through late October, restraining both heating and cooling demand, while forecasts for a “Super El Niño” are further dampening the winter demand outlook.

  • 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 $1000 more!
    In October we raffle $1000 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


Can't speak right now?
Ask your question in the chat.
Widget callback