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US Gas Continues Rally With High Cooling Demand

NATGAS

US domestic demand is likely to stay high with above normal temperatures forecast for most of the US for the next 10 days.

  • High demand is driving the Aug22 price up from a low of 5.38$/mmbtu early last week. Today US Natgas AUG 22 up 2.8% at 6.61$/mmbtu.
  • Lower 48 demand is today at 72.2 bcf up from 71.5bcf yesterday.
  • US gas production is slightly down on the day to 96.2bcf.
  • Exports remain stable with deliveries to LNG terminals at 11.2bcf and export to Mexico at 6.6bcf

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