Natural Gas Sep '24 (NGU24)
Natural Gas Futures Market News and Commentary
June Nymex natural gas (NGM26) on Friday closed down -0.012 (-0.43%).
Nat-gas prices gave up an early advance on Friday and settled lower amid a decline in flows to US liquefied natural gas (LNG) export terminals, which boost supplies in the domestic market and expand inventories. Â Feedgas to LNG plants decreased to 17.7 bcf on Friday, down -4.6% w/w as some export facilities reduced output due to seasonal maintenance.
On April 17, nat-gas prices tumbled to a 1.5-year nearest-futures low amid robust US gas storage. Â EIA nat-gas inventories as of April 24 were +7.7% above their 5-year seasonal average, signaling abundant US nat-gas supplies. Â
Projections for higher US nat-gas production are negative for prices. Â On April 7, the EIA raised its forecast for 2026 US dry nat-gas production to 109.59 bcf/day from a March estimate of 109.49 bcf/day. Â US nat-gas production is currently near a record high, with active US nat-gas rigs posting a 2.5-year high in late Februa... Read more
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June Nymex natural gas (NGM26 ) on Friday closed down -0.012 (-0.43%). Nat-gas prices gave up an early advance on Friday and settled lower amid a decline...
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