Free Trial

US Natgas Extends Gains on Cold Weather Forecast


US Natgas extends gains with higher demand expected due to the arrival of more cold weather.

  • The weather forecast shows cold weather across western areas in the 6-10 day period spreading across most of the country in the second week of the outlook.
  • The drop in temperatures will boost demand from today’s below seasonal normal consumption due to the current warmer weather.
  • The US Natgas front month price has now recovered all of the losses from earlier in the week.
  • Constraints in the Permian Basin are limiting US production growth while local supply pressures have pushed prices in California up to more than five times the price of Henry Hub according to Bloomberg.
    • US Natgas JAN 23 up 6% at 6.32$/mmbtu

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.