By
US natural gas futures dropped to the lowest since late October amid forecasts for warmer temperatures next week, which is likely to reduce demand for the fuel.
- Futures for February delivery declined as much as 5.9% to $3.404/mmbtu in early Asian trading on Monday
- The contract was at $3.470/mmbtu as of 9:03 a.m. in Singapore
Weather:
- Large parts of western US will see warmer-than-normal temperatures from Jan. 12-18, according to an outlook from NOAA
- See WHUT for a map of latest 6-10 day weather forecast: NOAA
Daily BNEF Gas Data:
- Lower-48 dry gas production on Sunday ~110.6 bcf/day, or +6% y/y
- Lower-48 total gas demand on Sunday ~99.5 bcf/day, or -6.7% y/y
- Dry gas exports to Mexico on Sunday ~3.8 bcf/day, or -33% w/w
- Estimated gas flows to LNG export terminals on Sunday ~20 bcf/day, or +3% w/w
Gas Market News:
Share This:
More News Articles
