Enter your emailWe expect the rise of natural gas to return during its upcoming trading.
It settled at the price of $5.437 per million British thermal units, after it decreased in yesterday’s trading by 1.71%.Natural gas prices fell on Monday and settled lower as traders weighed evolving weather patterns and the potential for storage injections against steady production. There was continued strong demand for US exports, while traders remained focused on developments surrounding Russia's invasion of Ukraine.
US natural gas production held steady at 95 billion cubic feet for the past week, according to Bloomberg estimates, well below its late 2021 highs near 97 billion cubic feet. Production has struggled to gain momentum in part due to weather outages and maintenance work, but also due to modest production of associated gas. Associated gas is a by-product ofMeanwhile, demand for LNG is hovering near record levels above 13 billion cubic feet.