US natural gas futures rose as trading resumed on the Chicago Mercantile Exchange and wintry weather hits parts of the Midwest and East, with forecasts showing below-normal temperatures in the coming weeks for the Northeast and Great Lakes.
- Futures for January delivery +13c, or +2.9%, to $4.688/mmbtu on Nymex, as of 9:07am ET
Weather:
- Heavy lake effect snow will pummel regions downwind of the Great Lakes through early Saturday, and a major winter storm will bring snow and gusty winds from the eastern Plains to the western Great Lakes through Saturday, according to the National Weather Service
- European Centre weather model shifted cooler for US, with more intense cold seen in Northeast and Great Lakes region Dec. 3-7: Commodity Weather Group
- See WHUT for a map of latest 6-10 day weather forecast: NOAA
- Click here for two-week temperature forecasts for the US
Daily BNEF Gas Data:
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- Lower-48 dry gas production on Friday ~113.4 bcf/day, or +8.3% y/y
- Lower-48 total gas demand on Friday ~98.6 bcf/day, or +9.2% y/y
- Dry gas exports to Mexico on Friday ~6.6 bcf/day, or -2.2% w/w
- Estimated gas flows to LNG export terminals on Friday ~18.5 bcf/day, or +4.4% w/w
This story was produced with the assistance of Bloomberg Automation.
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