![]() ![]() This created a natural gas inventory surplus and has caused prices in futures markets to drop by 47% year-to-date, to around $2.350/mmBtu. LNG exports have recently softened as well. Jun nat-gas on Wednesday closed moderately lower on expectations for a larger-than. manufacturing sector that has contracted for six months consecutively, and a relatively mild winter and spring in key gas-consumption regions. June Nymex natural gas (NGM23 ) on Wednesday closed down -0.011 (-0.46). end is a price linked to gas prices in a liberalized and liquid gas market ( as in the. Natural gas inventories were in a bullish deficit compared with historical averages throughout most of 2022 due to strong gas-fired heating and cooling demand, as well as rising exports of liquefied natural gas.īut gas production jumped to record highs in early 2023, while demand for gas has struggled amid a U.S. BBC News market data provides up-to-the-minute news and financial data on hundreds of global companies and their share prices, market indices, currencies. And if East Asian buyers overcome their reluctance to buy new LNG. EDT Delayed quote 2.520 -0.022 -0.87 Settlement Price 2.542 Advanced Charting Volume. ET Thursday.Ī 108-bcf increase would mean gas stockpiles totaled 2.249 trillion cubic feet, 31% above last year's total at this time, and 18% above the five-year average for this time of year. Natural Gas Continuous Contract Watch list Open Last Updated: 3:26 p.m. The EIA is scheduled to release its natural-gas storage data for the week at 10:30 a.m. Just look at the freight recession thats sent diesel prices tumbling. But it could dent 2023 profits industrywideand dampen. Koreas demand for natural gas predicted to fall 1.4 per year through 2036. The average forecast compares with a 87-bcf injection for the same week last year, and a five-year average rise of 91 bcf. The collapse in natural-gas prices in recent months has generated a fraction of the attention of the run-up of the first half of 2022. Key Levels to Watch as Gold Trades in a Rising Bearish Channel. Estimates ranged from increases of 104 bcf to 116 bcf. S&P 500 Price Forecast Stock Markets Continue to Trade in a Tight Range.
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