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Gas Markets Remain in Decline Ahead of EIA Report

NATURAL GAS

US natural gas prices are down ahead of the EIA inventory release at 10:30 a.m. ET, 15.30 BST.

• Ongoing issues at the Freeport facility in Texas and forecasts for lower than expected temperatures are placing downward pressure on prices. Adding to this is the positive sentiment coming from the European market after the restart of the Nord Stream 1 pipeline flows from Russia today – albeit at 40% capacity.

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US natural gas prices are down ahead of the EIA inventory release at 10:30 a.m. ET, 15.30 BST.

• Ongoing issues at the Freeport facility in Texas and forecasts for lower than expected temperatures are placing downward pressure on prices. Adding to this is the positive sentiment coming from the European market after the restart of the Nord Stream 1 pipeline flows from Russia today – albeit at 40% capacity.

Keep reading...Show less