Wednesday, 4 September 2019

Natural Gas Rose On Forecasts For Warmer Weather And Cooling Demand

Natural gas trading range for the day is 163.8-175.4.

Natural gas rose on forecasts for warmer weather and cooling demand next week that was higher than previously expected.

A large low pressure system located over the west-central Gulf of Mexico, has 80% chance of becoming a cyclone in the next 48 hours

The amount of gas in inventory has remained below the five-year average since September 2017.

Gas production in the Lower 48 states, meanwhile, edged up to 92.8 bcfd on Monday from a near three-week low of 91.4 bcfd last week.

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