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US Losing Gains From Yesterday

NATGAS

US Natgas losing gains made yesterday as cooler weather forecasts look likely to ease domestic demand pressures.

  • US Natgas SEP 22 down -1.4% at 7.72$/mmbtu
  • NOAA weather forecasts continue to show hot temperatures on the West Coast but a return to nearer normal for much of the rest of the country. Dry gas demand was approximately 73.7bcf/d yesterday.
  • Ongoing high production is adding extra resistance to prices with lower 48 dry production estimated at 97.7bcf/d on Tuesday.
  • Exports to Mexico are around 6.3bcf/d while deliveries to LNG export terminals remain stable at about 11.2bcf/d.
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US Natgas losing gains made yesterday as cooler weather forecasts look likely to ease domestic demand pressures.

  • US Natgas SEP 22 down -1.4% at 7.72$/mmbtu
  • NOAA weather forecasts continue to show hot temperatures on the West Coast but a return to nearer normal for much of the rest of the country. Dry gas demand was approximately 73.7bcf/d yesterday.
  • Ongoing high production is adding extra resistance to prices with lower 48 dry production estimated at 97.7bcf/d on Tuesday.
  • Exports to Mexico are around 6.3bcf/d while deliveries to LNG export terminals remain stable at about 11.2bcf/d.