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US Gas Ticks Higher on Increasing Demand

NATGAS

US Natgas trading higher as domestic demand increases with above normal weather forecasts.

  • US weather forecasts suggest higher than normal temperatures will continue into next week on the West Coast, the Rockies and in areas of the South.
  • The estimate for lower 48 dry gas demand is up to 69.6bcf compared to a seasonal normal of approximately 67bcf for this time of year and an average of 67.7bcf over the last week.
  • Dry gas production is estimated relatively unchanged at 97.1bcf and deliveries to LNG terminals are near the weekly average at 11.1bcf.
  • US Natgas AUG 22 up 2.1% at 5.64$/mmbtu
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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