Natural Gas Jan '13 (NGF13)
Natural Gas Futures Market News and Commentary
September Nymex natural gas (NGU26) closed down -0.099 (-3.56%) on Tuesday.
Nat-gas prices retreated on Tuesday amid news of larger US supplies and forecasts for cooler US temperatures that could reduce electricity demand to run air conditioning.
Nat-gas prices came under pressure on Tuesday after Energy Transfer announced that the Hugh Brinson pipeline will be able to operate at its full transportation capacity of 1.5 bcf/day by September 1, allowing more gas supplies to flow from the Permian Basin to the US benchmark Henry Hub in Erath, Louisiana, boosting US domestic supplies.
Forecasts for cooler US weather are also weighing on nat-gas prices, potentially reducing nat-gas demand from electricity providers to power air conditioning use. The Commodity Weather Group said on Tuesday that forecasts shifted cooler, with below-average temperatures expected in the Midwest and Northeast through August 18.
Nat-gas prices tumbled to a 3.25-month nearest-futures... Read more
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September Nymex natural gas (NGU26 ) closed down -0.099 (-3.56%) on Tuesday. Nat-gas prices retreated on Tuesday amid news of larger US supplies and forecasts...
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